Ministerial panel recommends up to 50% cut in CDMA spectrum base price
India auctioned airwaves in November after a court order to revoke permits of several cellular carriers and redistribute airwaves through an open bidding. But the auction did not see any takers for CDMA airwaves, while only part of the airwaves for the more popular GSM services were sold.
The government had earlier set the reserve price of CDMA airwaves at 1.3 times GSM airwaves, a price that was criticised by operators as too high. The price was set at 36.4 billion rupees ($660 million) per megahertz of spectrum for all of India's 22 telecommunication zones.
The CDMA airwave auction is crucial for the Indian mobile phone unit of Russia's Sistema, which has been ordered to shut operations in all but one of India's 22 zones by Jan. 18 as it did not win back airwaves in the last auction.
Spectrum auction from Mar 11; EGom favours price cut for CDMA
New Delhi, Jan 7 (PTI) The second round of telecom spectrum auction is likely to be held on March 11 after the Cabinet decides on the reserve price, which may be reduced by up to 50 per cent, for CDMA-band radiowaves.
An Empowered Group of Ministers (EGoM) headed by Finance Minister P Chidambaram today finalised the schedule for auction of unsold
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