Base price slashed 30% for spectrum unsold in 4 circles
The EGoM did not take any decision regarding spectrum in the 800 MHz band, which is basically used for CDMA services where no operator had participated in the auctions held last month.
The decision to lower the base price was taken after the failure of auctions in the 1800 MHz band where, apart from not receiving any bids in the four circles, the government was able to mop up only Rs 9,407 crore against the budgeted R40,000 crore and a minimum target of R28,000 crore. Though it has unsold spectrum in the remaining 18 circles also, it has decided not to lower but to stick to the auction-determined prices in these circles.
“The EGoM met on Friday and we have decided to auction the 1800 MHz band in four circles — Delhi, Mumbai, Karnataka and Rajasthan