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3G spec: Cabinet approves Rs 3,705 crore per MHZ as base price

India Blooms News Service | 29 Jan 2015, 05:57 am
New Delhi, Jan 28 (IBNS) The Union Cabinet on Tuesday approved the base price for the 3G spectrum auction at Rs 3705 crore pan-India per MHz.

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal of the Department of Telecommunication (DoT) to proceed with auction in 2100 MHz band alongwith 800, 900 and 1800 MHz bands.

"The Reserve price approved for 2100 MHz Band is Rs 3705 crore pan-India per MHz," read the statement issued by the government.

"A 5 MHz Block will be offered in all service areas except Jammu & Kashmir, Bihar, Himachal Pradesh, West Bengal and Punjab. Thus a total of 85 MHz in 17 Licensed Service Areas (LSAs) is being put to auction," it said.

Salient condition of payment terms and eligibility criteria are given in the Annexure.

The estimated revenues from the auction of 2100 MHz Band are Rs.17555 crore of which Rs.5793 crore is expected to be realized in the current financial year, read the statement.

3G spec: Cabinet approves Rs 3,705 crore per MHZ as base price

India Blooms News Service
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