360° Coverage : Cabinet finalises reserve price of 1800 Mhz spectrum

Cabinet finalises reserve price of 1800 Mhz spectrum

New Delhi, Dec 13 (IANS) The union cabinet Thursday approved the reserve price of 1800 mega hertz (Mhz) spectrum for four circles as recommended by an Empowered Group of Ministers (EGoM) earlier.

Dec 13 2012, 12:06pm CST | by

Cabinet finalises reserve price of 1800 Mhz spectrum
Photo Credit: SAJJAD HUSSAIN, Getty Images

New Delhi, Dec 13 — The union cabinet Thursday approved the reserve price of 1800 mega hertz (Mhz) spectrum for four circles as recommended by an Empowered Group of Ministers (EGoM) earlier.

"The decisions are expected to result in further efficient utilisation of the scarce natural resource of spectrum, facilitating proliferation of telecom services in the country," said an official release.

An inter-ministerial group on Dec 7 recommended 30 percent reduction for four circles - Delhi, Mumbai, Karnataka and Rajasthan - which were left unsold in the auction conducted last month.

The Empowered Group of Ministers also decided to auction spectrum of 900 Mhz in Delhi, Mumbai and Kolkata with the sale of 1,800 Mhz.

Last month's 2G spectrum auction only garnered Rs.9,407 crore from a minimum expected Rs.28,000 crore target.

The reason, industry said, was the high reserve price fixed by the government.

In the last auction, the reserve price for the four unsold circles for 1,800 Mhz was Rs.693.06 crore for Delhi, followed by Rs.678.45 crore for Mumbai, Rs.330.12 crore for Karnataka and Rs.67.08 crore for Rajasthan circle.

IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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