Oct 19 India's Idea Cellular will bid
in an upcoming auction of second-generation airwaves, a company
source said on Friday, as the country's third biggest mobile
phone carrier by revenue strives to restore its nationwide
Idea is set to lose seven of its permits after the Supreme
Court order to revoke all licences awarded in a scandal-tainted
process in 2008 and the auction is the last chance for the
company to win them back.
"We are in the process of submitting our application," the
source said, who declined to be named as the information was not
Friday is the deadline for companies to submit their
application to participate in the auction, scheduled to start
from Nov. 12.
(Reporting by Devidutta Tripathy; Editing by Anupama Dwivedi)