Spectrum_Indian government

After Coal, Spectrum Auction May Fetch Over Rs 1 Lakh Crore

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With telecom operators depositing a huge Rs 20,435 crore as earnest money for spectrum auction, government is set to garner over Rs 1 lakh crore from sale of radiowaves, after generating similar amount through sale of coal blocks.

For the entire amount of spectrum put on auction, an earnest money deposit (EMD) of Rs 12,000 crore could have been enough but telecom operators have deposited Rs 20,435 crore, which shows that fierce bidding is likely in the auction, official sources said. Original post at ET Telecom

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Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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