EGoM hints at reducing reserve price

Asks DoT to prepare a matrix of reserve price of spectrum auction and its impact on tariffs and revenue to the government

PTI | July 19, 2012



The Empowered Group of Ministers (EGoM) on Wednesday asked the Department of Telecom to prepare a matrix of reserve price of spectrum auction and its impact on tariffs and revenue to the government.

According to sources, DoT has been asked to prepare a matrix of various levels of reserve price and spectrum usage charge at every Rs 1,000 crore difference in descending order and the impact that would have on tariffs for end-consumer and the revenue accrued to the government.

The same is to be presented to the EGoM in its next meeting, scheduled for July 20.

Sectoral regulator Telecom Regulatory Authority of India (Trai) had recommended a minimum price of over Rs 3,622 crore for auction of a single unit of spectrum amounting to over Rs 18,000 crore for a pan-Indian operations in case of a new entrant.

The reconstituted EGoM, under Home Minister P Chidambaram, is also believed to have pushed the decision on staggered payment option for telecom operators.

On roll-out obligations, the EGoM cleared the proposal making it mandatory for operators, who will receive spectrum through auction, to cover 10 per cent of Block Headquarters in three years, 20 per cent in four years and 30 per cent in five years.

For old operators, roll-out obligations would remain as per their licencing conditions, but the new clause will apply on them if they win spectrum in auction, sources said.

Comments

 

Other News

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter