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July 19, 2001 		Feedback  
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Financial bids received for fourth cellular slot

The government on Thursday received the final financial bids for the fourth cellular slot, but it was not clear as to when a decision would be announced in the wake of stay by Bombay high court on a petition filed by the employees of Videsh Sanchar Nigam Ltd.

No official comments were available, but industry sources said that bids have been submitted by the telecom players already in the fray to the Department of Telecommunications.

A clear picture is yet to emerge on the opening of bids.

VSNL employees had recently moved the high court challenging government's decision restraining the public sector unit from participating in the process of bidding for the fourth cellular slot.

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