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Article: TRAI for higher reserve price than DoT for 3G spectrum.

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PTI - The Press Trust of India Ltd.
Article date:
July 14, 2008
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TRAI for higher reserve price than DoT for 3G spectrum

New Delhi, Jul 14 (PTI) After agreeing to DoT's proposal on doubling the reserve price of 3G spectrum for a pan-India license, Telecom regulator TRAI today suggested a slighter higher price for the same based on a fresh calculation.

"As per the Economic Survey 2007-2008, the Gross Domestic Product (GDP) at current price is Rs 42,83,000 crore. Taking 0.5 per cent of GDP as the reserve price for a block of 2x 5 MHz, the amount will be around Rs 21,415 crore. DoT may like to revisit this assertion," said Telecom Regulatory Authority of India in a letter to Department of Telecom (DoT).

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