Aircel said that it will be participating in the upcoming 3G spectrum auctions and has already tied up with funds.

"We have tied up funds and will put in our bid," said Aircel COO Gurdeep Singh.

The COO also said that the company will expand its operations from 18 circles at present to cover remaining circles of Haryana, Madhya Pradesh, Rajasthan, Gujarat and Punjab by June this year.