With the global economic recession and firms going bust, a huge investment at this point of time doesn’t seem quite appealing. This was the basic reason for authorities to delay the 3G Bidding process to early next year. Telecom Biggie, Vodafone also expressed concerns over having the bid this year, with the economic meltdown taking a hit on its profits.
However, contrary to this news, the Telecom Ministry announced that the bidding process would be held this year itself. December has been earmarked as the month, which will witness the act resulting in a collection of up to $8 Billion for the Government.