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Cabinet approves Rs 3,705 cr per MHz for 3G airwaves

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VoicenData Bureau
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NEW DELHI: Notwithstanding telecom industry’s concern over higher spectrum prices, the Cabinet has approved a reserve price of Rs 3,705 crore per MHz for 3G, which was 36% higher than the amount recommended by the Telecom Regulatory Authority of India (Trai).

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"The government earned eight times the reserve price it had set for 3G spectrum in 2010," telecom minister Ravi Shankar Prasad said at a press briefing.

The government is expected to rake in Rs 80,000 crore from the spectrum auction.

The auction will start on March 4 and the participants have to make an upfront payment of 33% of the final bid amount to the government within 10 days of the close of the bandwidth sale.

cabinet spectrum-auction
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