3 Generation (3G) : A new dimension to the telecom boom

                India which is the fastest growing  mobile phone market is on its way to a major transformation. The 3G auction will add a new dimension to the telecom sector. First day, first show saw 12 percent higher bids than the fixed base price of Rs. 3,500 crore. Nine bidders put on the table a total of Rs.12,000 crore and that's already one third of the officially projected revenue haul of around Rs.35,000 crore. Cash inflow from the auction is expected to exceed the government's estimation. The 3G auction and the revenue generated from it will reduce the fiscal deficit substantially. It is expected that the fiscal deficit will be trimmed to 5.5 percent of GDP in 2010-11.

                For consumers, use of 3G technology will take their mobile experience to the next level. 3G allows various features like high speed internet, video streaming , calling and conferencing, TV viewing , online movies and games, content download, data sharing and transfer.
              
                On their part, the telecom companies may expect good returns on the environment, Going by Telecom Regulatory Authority of India (TRAI) report that 150 million cellphone users had subscribed to data and internet services by end of 2009. India is also expected to overtake US to become the second largest mobile phone market. Right now US and India has approximately 260.5 and 250.9 million wireless users. It will be good foe everybody, if competition among operators ensures affordability.