BWA auction scheduled on May 24

The government on Friday approved the provisional results for the 3G spectrum sale that fetched it a staggering Rs 67,719-crore bonanza, paving the way for starting the auction of the broadband wireless access (BWA) airwaves from May 24.

According to official sources, a committee headed by cabinet secretary KM Chandrasekhar, approved the 34-day long auction process, which concluded on May 19. Other members of the committee are finance secretary Ashok Chawla, telecom secretary PJ Thomas and Planning Commission member secretary Sudha Pillai.

With this, the 3G auction process comes to end and all the winners, including two telecom PSUs, have been asked to pay within 10 days from now. DoT officials said the last date for payment is May 31.