<p>Reliance Industries Limited (RIL) is likely to bid for mobile telephone spectrum in the upcoming auction to complement its wireless broadband services with voice call facility.<br /><br /></p>.<p>The billionaire Mukesh Ambani-headed group is making a re-entry into the telecommunications business and is being talked as the most aggressive bidder in the November auction of telecom spectrum.<br /><br />Sitting on a cash pile of Rs 70,732 crore at the end of the June quarter, RIL was the most notable participant at the pre-bid conference organised by the Department of Telecom (DoT) in the run-up to the auction. RIL is most likely to put a direct bid, a source said.<br /><br /> If, for some reason, it is unable to make a bid by itself, the company may fund purchase of spectrum by another company and then acquire it.</p>
<p>Reliance Industries Limited (RIL) is likely to bid for mobile telephone spectrum in the upcoming auction to complement its wireless broadband services with voice call facility.<br /><br /></p>.<p>The billionaire Mukesh Ambani-headed group is making a re-entry into the telecommunications business and is being talked as the most aggressive bidder in the November auction of telecom spectrum.<br /><br />Sitting on a cash pile of Rs 70,732 crore at the end of the June quarter, RIL was the most notable participant at the pre-bid conference organised by the Department of Telecom (DoT) in the run-up to the auction. RIL is most likely to put a direct bid, a source said.<br /><br /> If, for some reason, it is unable to make a bid by itself, the company may fund purchase of spectrum by another company and then acquire it.</p>