The empowered group of ministers ( EGoM) on telecom today decided to cut the 1800-MHz band spectrum auction reserve price by 30 per cent for four circles that did not attract bidders in November.
The ministerial panel, headed by Finance Minister P Chidambaram, also decided that the spectrum under the 900-MHz band would be auctioned in the Delhi, Mumbai and Kolkata circles. Both auctions would be held simultaneously.
Telecommunications Minister Kapil Sibal told reporters: “We will now be moving the Cabinet for the approval on the pricing, and we have also decided that we will complete the auction process within this financial year.”
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The ministerial panel, headed by Finance Minister P Chidambaram, also decided that the spectrum under the 900-MHz band would be auctioned in the Delhi, Mumbai and Kolkata circles. Both auctions would be held simultaneously.
Telecommunications Minister Kapil Sibal told reporters: “We will now be moving the Cabinet for the approval on the pricing, and we have also decided that we will complete the auction process within this financial year.”
Read More . . . . .