Telecom panel recommends hike in spectrum auction reserve price

Telecom panel recommends hike in spectrum auction reserve price
A government panel on Wednesday recommended raising the reserve price for mobile phone spectrum auctions by 15 percent more than the price suggested by a federal regulator in the 1800 megahertz band, and by 25 percent in the 900 megahertz band.

The DoT panel, made up of civil servants, has recommended allowing mergers with a combined market share of up to 50 percent, a senior government official told reporters.

India plans to conduct its next mobile phone airwave auction in January and has estimated revenue of 110 billion rupees from the sale of airwaves.

The telecoms regulator (TRAI) has recommended a sharp cut in the auction reserve prices after most carriers stayed away from bidding in the last two auctions saying the reserve price was too high. A ministerial panel and the cabinet will finalise the new reserve prices.

India is in the process of finalising rules for mergers and acquisitions in the telecommunications market of around a dozen players, and the government has said previously it will ease rules to help consolidate the crowded market.

© Thomson Reuters 2013

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Samsung CEO confirms folding display devices due for 2015 release: Report
Google Chrome for Mac may soon require extra verification to see saved passwords

Related Stories

Share on Facebook Tweet Snapchat Share Reddit Comment



© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on