The panel also decided to auction spectrum in the 900 Mhz band in Delhi, Mumbai and Kolkata. The reserve price for 900 MHz band would be double that of 1800.
"The auctions will take place in March," said an official of the telecom ministry.
EGoM will now send its proposal to the cabinet for approval.
"The decision for the 800 Mhz band will be taken later," said the official.
Reserve price for last month's sale for 1.25 Mhz in Delhi was Rs. 693.1 crore, Rs. 678.5 for Mumbai, Rs. 330.1 crore for Karnataka and Rs. 67.1 crore for Rajasthan.