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Government Likely To Raise Rs 90k Crore From Telecom Auction: Crisil

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Telecom players will bid aggressively in the forthcoming spectrum auction and the government may be able to raise Rs 90,000 crore through the sale of radiowaves, credit rating agency Crisil said today.

“With nearly half of Rs 1,200 billion annual revenues at stake for large operators, the importance of the forthcoming spectrum auction can’t be overstated. Telecom operators will shell out more than Rs 900 billion to bag airwaves (radiowaves) in the upcoming telecom auction,” it said in a note.

The government has set a very high base price for the auction, which is slated to help public finances in a big way, given the slow revenue growth during the current fiscal. Original post at ET Telecom

Wahengbam Rorrkychand

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