After two years: Telecom sector hopes auction will signal revival

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Govt expect the auctions to raise more than Rs 40,000 crore which will make the fiscal deficit for FY 14 attainable. Govt expect the auctions to raise more than Rs 40,000 crore which will make the fiscal deficit for FY 14 attainable.
SummaryFeb 2: Two years back, SC’s licence cancellation order came on the same date.

protect its investment

* Mar 4, 2013: No applicants for spectrum auction in 1800 and 900 MHz

* Sept, 2013: Trai recommends drastic reduction in spectrum reserve prices

* Dec, 2013: Cabinet approves the formula. Date set for February 2014 auctions

Read: Supreme Court rejection of relief for telcos to fire up auctions starting today

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