The Union Cabinet took the decision to fix the reserve (minimum) price of Rs. 14,000 crore for 5 MHZ of pan-India 2G spectrum. This is Rs. 4,100 crore, less than the Rs 18,000-crore reserve price recommended by the Telecom Regulatory Authority of India (TRAI).
The reserve price for 5 MHz of CDMA spectrum has been fixed at Rs. 18,200 crore, 1.3 times the price of GSM spectrum.
Telecom Minister Kapil Sibal's version of the decision: “This [the reserve price] is only the starting point of the auction. And I have absolutely no doubt that the auction itself will give us a much higher price.”
The reserve price for 5 MHz of CDMA spectrum has been fixed at Rs. 18,200 crore, 1.3 times the price of GSM spectrum.
Telecom Minister Kapil Sibal's version of the decision: “This [the reserve price] is only the starting point of the auction. And I have absolutely no doubt that the auction itself will give us a much higher price.”
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