Today will be the starting of bidding auction of 2G spectrum as the Cabinet is going to gain Rs.40,000 crore from auction for telecom spectrum get relief from cancellation of 122 telecom licences by the Supreme Court in February.
The bidding process belongs to major 8 companies-Uninor, Loop Telecom, Sistema Shyam, Idea Cellular including Spice Communications, Videocon, Etisalat DB formerly Swan Telecom , S-Tel and Tata Teleservices, is reported to be started today. Read more
The Union Cabinet headed by Prime Minister Manmohan Singh has today permits the grant of the Empowered Group of Ministers’ decision of one-time spectrum fee for all existing telecom companies.
Now as per recommendations of the Empowered Group of Ministers, all the mobile operators may have to pay one time spectrum charge which will be only for GSM operators, not CDMA as no bidders for CDMA auction is available. Read more
Videocon withdrawal from CDMA upcoming cellphone airwaves auction left Indian government with loss as no bidder for auction after Tata Teleservices also has drop out its application from the 800MHz band bidding auction process due to having huge cost.
“Now there is no bidder left for CDMA. We will have to take a call on what to do,” government official told media persons. Read more
Clearing the stand over 2 G spectrum, the Cabinet set base price at Rs 14,000 crore for airwaves in the much controversial coming spectrum auctions, a step towards opposing mobile phone companies’ demand of 80% reduction from the base price fixed by TRAI regulator.
“The Cabinet approved the reserve price of Rs 14,000 crore for 5 MHz pan India in 1800 MHz band. The Cabinet also approved the recommendation of Empowered Group of Ministers for reserve price for 800 MHz band at 1.3 times that of 1800 MHz band. Read more
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