18 November, 2006 In an auction, which lasted four hours with the bid climbing 168 times, the Tashi Group clinched the deal to operate the first private mobile service in the country with a Nu. 777 million (USD 17.32 million) offer. The Tashi Group outbid three other joint venture companies in the auction that was held in Thimphu on October 16 to operate the license for a period of 15 years. The three other local companies vying for the license were the Singye Group, which had tied up with Reliance mobile in India, Druktel Private Limited, a consortium of Bhutanese companies, which had joined Airtel also in India and Bhutan Steel, which had tied up Thai company, Shin Satellite Public Corporation Limited.