HindustanTimes Fri,24 Oct 2014

Spectrum auction to proceed as scheduled: telecom secretary

Reuters  New Delhi, January 15, 2014
First Published: 13:24 IST(15/1/2014) | Last Updated: 13:26 IST(15/1/2014)

The telecom spectrum auction due to start on February 3 will proceed as scheduled, telecom secretary MF Farooqui said on Wednesday.

The deadline for companies to submit interest to participate in the auction is Wednesday, but the government is yet to take a decision on a proposal to reduce the annual fee carriers pay for using airwaves.

Farooqui said he was hopeful of resolving the pending issues, including the annual spectrum fee, before the auction begins next month.

The government hopes to raise at least $1.8 billion from the auction, crucial in its efforts to rein in the budget deficit.

more from Business

China, 20 others launch World Bank rival in Asia

Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders.

Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved