Brazilian mobile operator Oi picked up two 2G spectrum licenses for localities in São Paulo state on Thursday in the repeat of an auction originally held in September, telecoms regulator Anatel said.
Oi paid 112mn reais (US$63.5mn) for the two licenses, surpassing the minimum asking price of 43.5mn reais by 156%.
Oi paid 110mn reais for lot […]

Telefonica SA, the biggest fixed line telephonephone company in Latin America, won the bidding for the rights to a wireless telephone frequency in Peru, part of a government plan to increase competition and service in the Andean nation.
Telefonica will use the airwaves to serve 700,000 new fixed lines nationwide, boosting Peru’s telephone coverage by a […]

Winning bidders in last week’s zionsdirect.com online auction for FDIC-insured certificates of deposit received above average yields.
Zions Bank reported that during the week of Dec. 19 - 26, winning bidders obtained three-month CDs at a yield of 4.95 percent, compared to the national average annual percentage yield of 3.02 percent; six-month […]

Online auctioneer Tradus has agreed a £946 million takeover by South African media firm Naspers in the latest sign of renewed interest in internet companies.
Tradus, formerly known as QXL Ricardo, which conducts internet auctions across 12 European countries including Russia and Poland, has backed an 18-a-share offer from the company which owns the Daily Sun […]

Chinese grain reserve authorities will try again to auction 500,000 tons of stockpiled rice at the Anhui Grain Wholesale Market and a branch market in Hubei Province on Dec. 28, according to a National Grain and Oil Trade Center announcement released today.

Brazil’s National Telecommunications Agency (Anatel) announced on Thursday that the auctions for 3G wireless telephone licenses have generated a total of 5.3 billion reais (2.9 billion U.S. dollars).
It was 86.6 percent up from the initial bids, which stood at 2.8 billion reais (1.5 billion dollars), said Anatel.
Eight […]

RBI auctioned 364-day T-bills yesterday (Dec. 19), for which the notified amount was Rs 10 billion. The multiple price-based auctions for the bills remained oversubscribed. RBI received 78 competitive bids worth Rs 44.85 billion for the bills. However, it accepted only 17 bids for the notified amount.
The cut-off price determined at Rs 92.90 offered a […]

Google Inc. is one of 266 potential bidders in a highly anticipated airwaves auction scheduled to begin in January.
The Federal Communications Commission released a list of the 266 prospective bidders Tuesday evening. Of the 266 applications received, Google’s was one of 96 that was deemed “accepted for filing.” The next step is to submit an […]

The Bank of England will attempt to relieve the strain on credit markets this morning with the first of its two auctions to inject £11.35 billion of liquidity into the financial system.
The move is part of a co-ordinated action between five central banks, including Britain, the US and the eurozone to address the credit squeeze.
The […]

The founder of Blognation is stepping down and putting the blogger network on the auction block six months after launching the site.
“I have announced internally that I am stepping down from blognation and that the company will be put up for auction, like edgeio, to ensure that the idea and vision can go forward and […]