Spectrum auction to proceed as scheduled: telecom secretary - Hindustan Times
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Spectrum auction to proceed as scheduled: telecom secretary

Reuters | By, New Delhi
Jan 15, 2014 01:26 PM IST

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

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

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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.

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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.

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