| Log in

Telecom panel recommends hike in auction reserve price

06 November, 2013

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

The panel, made up of civil servants, has recommended allowing mergers with a combined market share of up to 50 per cent, 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 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.


Leave Your Comment
Ministerial panel backs diluted plans of cheaper telecom spectrum price

Ministerial panel backs diluted plans of cheaper telecom spectrum price

Reuters 4 years ago
A ministerial panel on Friday threw its weight behind watered down plans to cut...
TRAI recommends cut in spectrum auction floor price

TRAI recommends cut in spectrum auction floor price

Reuters 4 years ago
India on Monday proposed a cut of up to 60 per cent in minimum auction prices...
Ministers back plan for spectrum fee in telecom M&A deals

Ministers back plan for spectrum fee in telecom M&A deals

Reuters 4 years ago
A ministerial panel on Tuesday approved a plan to impose a fee on telecoms...
No Comments

Telecom panel recommends hike in auction reserve price

Powered by WordPress.com VIP