EGoM Approved Higher Base Price for upcoming Spectrum Auction
EGoM on 22 November 2013 approved hiking by up to 25 per cent the reserve or start price for the auction of mobile phone spectrum in January 2014.
The Empowered Group of Ministers (EGoM) on 22 November 2013 approved hiking by up to 25 per cent the reserve or start price for the auction of mobile phone spectrum in January 2014.
An Empowered Group of Ministers (EGoM) on Telcom headed by Defence Minister A K Antony agreed with the recommendation of the Telecom Commission to better regulator TRAI's suggested reserve or base price for the auction of spectrum in the 1800 MHz and 900 MHz bands used by GSM operators such as Bharti Airtel and Vodafone.
The EGoM also asked the Telecom Regulatory Authority of India (TRAI) to suggest a base price for the 800 MHz spectrum, which is used by CDMA operators such as Sistema. TRAI had not recommended a reserve price for the 800 MHz band, saying there was no need to auction these airwaves now.
The Telecom Commission had earlier this month (Nov 2013) suggested fixing a minimum 1765 crore Rupees per MHz as the price for pan-India spectrum in the 1800 MHz band, 15 per cent higher than the TRAI's suggested rate of 1496 crore Rupees.
If you have any Question/Point on the above information, please ask/discuss it in the Current Affairs: