Mobile-Tower-Acutions

Spectrum Auction Expected in Feb; Government Eyes Minimum Rs 9.35K cr

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Spectrum auction for GSM and CDMA mobile services may be held in February from which government plans to raise at least Rs 9,355 crore.

“In Budget Estimates for the current financial year, a projection of Rs 9,355 crore has been made from auction of 800 Mhz (CDMA), 900 Mhz and 1800 Mhz (GSM) spectrum,” an official source said.

If the recommendations from Telecom Regulatory Authority of India are finalised as per the expected timeline then the auction can be started from February 3, 2015, the source said, adding that the government expects to meet the Budget numbers, at the very least. Original post at ET Telecom

Wahengbam Rorrkychand

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