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NEW DELHI: The Department of Telecom has estimated that lowering annual spectrum fee as recommended by Trai will cause the national exchequer a minimum loss of Rs 3,738 crore on renewal of the three licences that are due to expire in 2014.

Airtel’s licences in Delhi and Kolkata, Vodafone’s in Delhi, Mumbai and Kolkata and Loop Mobile’s in Mumbai are to expire in 2014.The TRAI has recommended 3% flat rate for the licences which is below the present rate. (Courtesy: ET)