India to raise over $10 billion from February spectrum auction

The Indian government plans to raise approximately $10.2 billion from its spectrum auction in February.

The country’s Union Cabinet set base prices of approximately $574 million for spectrum blocks in the 800MHz band, approximately $626.4 million for 900MHz and approximately $344.7 million for 1800MHz. 

The Indian defence ministry will also free up additional airwaves in the 2100MHz frequency for commercial use. 

The auction comes as part of a government effort to reach its fiscal deficit target of 4.1% of GDP. 

Indian operators such as Bharti Airtel, Vodafone India, Idea Cellular and Reliance Communications have called for the spectrum auction to be deferred, ensuring that operators whose licences expire in 2015/16 can be allowed to "continue with their existing in-use spectrum" until sufficient additional airwaves across bands are available for sale, reported The Economic Times.

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree