The ongoing liquidity crunch may not have impacted the telecom sector, but seems to have definitely affected the mindset of all telecom operators. The Department of Telecom (DOT) which had earlier planned the 3G auction by December 31 has now postponed it by two weeks to January 15 after the operators and bankers sought extension.
The major reason which comes out from the whole situation can be that our telecom operators have decided to play safe during this crunch period. Telecom operators will be able to source adequate funds in January as the institutions would be having funds available for the entire year.
Moreover, the GSM and CDMA operators differentiation of 2G and 3G revenue was also being seen as a delaying factor. DoT has decided to clarify any confusion over 3G auction by preparing the detailed schedule.
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