Russia’s severely delayed auction of Long Term Evolution (LTE)-suitable spectrum has reportedly been postponed until September 2012, after the people charged with preparing the tender document omitted crucial information regarding the precise compensation that the winners of the tenders will have to pay Sistema for the frequencies set to be relinquished by its subsidiaries Mobile TeleSystems (MTS) and Kosmos-TV. In March 2012 media reports suggested that Sistema was in line for compensation of up to RUB1.5 billion (USD51.02 million) for the prized frequencies in the 2.5GHz-2.7Ghz band, but the specifics are now shrouded in doubt once more
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OVETEL Delayed LTE spectrum auction now slated for September after document mishap
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