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New Delhi: bid would be in the range of Rs 7,000-8,000 crore, which would go up to around Rs 11,000-12,000 crore.
Telecom industry officials expressed concern at raising the reserve price stating that the government should not only look at garnering revenue from the sector since it is doing well. If the business case of the players gets affected revenue growth would get impaired, they said.
As reported by FE earlier, though the telecom industry is posting growth, the rate of growth slowed down in the second quarter and the trend is expected to be maintained in the remaining two quarters. In fact, the Trai will be holding a meeting with the players on the issue later this month....
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