Tags

, , , ,

At last the government has finally decided to hold the auction for 2G and 3G spectrum in February 2015. It has also agreed to hold the auction together as demanded by the private companies, instead of its own decision to hold the auction separately, which would have got more funds to the government.

As per the Cabinet decision, spectrum in 800 MHz, 900 MHz and 1800 MHz will be put to action. The reserve price for the same are fixed at Rs. 3,646 crore, Rs. 3,980 crore and Rs. 2,191 crore respectively. According to the reports, the government is expected to get between Rs. 64,000 crore and Rs. 80,000 crore.

The payment may be in installment and the government is expected to get at least Rs. 16,000 crore in this financial year.