DoT to sell spectrum in January, targets revenues of Rs 11,000 cr
The department of telecom (DoT) will conduct the third round of spectrum auction by January and expects to garner a minimum revenue of about Rs 11,000 crore this fiscal, secretary MF Farooqui said on Tuesday.india Updated: Sep 24, 2013 23:40 IST
The department of telecom (DoT) will conduct the third round of spectrum auction by January and expects to garner a minimum revenue of about Rs 11,000 crore this fiscal, secretary MF Farooqui said on Tuesday.
Earlier, the telecom ministry had indicated that the auction will be held in November.
The government will auction spectrum in 1800 Mhz band throughout the country and in 900 MHz band in three circles - Delhi, Mumbai and Kolkata.
In the fiscal year bill, the government had set a total target of Rs 40,874.5 crore from spectrum auctions.
The telecom regulatory authority of India (Trai) in its recommendations on the pricing of spectrum, had suggested a drastic reduction in the reserve price of spectrum compared to the price fixed in the first round in November, 2012.
The DoT formed an internal committee on September 9 to study and submit the report after receiving the same from a standing committee. The committee, headed by Member (Technology) at DoT, was given 10 days to submit its report. "The report should come this month," said Farooqui.
After receiving the standing committee's report, the DoT would place the matter before the telecom commission.
The regulator has suggested a pan-India reserve price of Rs 1,496 crore per MHz in the 1800 band, down 37% from the base price set in the previous auction.
In the 900 MHz band, it recommended a reserve price of Rs 288 crore per MHz for Delhi, Rs 262 crore for Mumbai and Rs 100 crore for Kolkata.