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Article: FinMin recommends 100 pc hike in reserve price for 3G spectrum.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- January 1, 2009
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FinMin recommends 100 pc hike in reserve price for 3G spectrum
New Delhi, Jan 1 (PTI) In a development that could delay start of next generation 3G mobile telephony, the Finance Ministry today asked the Department of Telecom to double the reserve price for pan-India 3G spectrum to Rs 4,040 crore.
In a note sent to Telecom Secretary Siddartha Behura, Ministry of Finance said, "The reserve price may be increased from Rs 2,020 crore to Rs 4,040 crore for a pan-India allocation of two blocks of five MHz of 3G spectrum." The Finance Ministry has asked DoT to modify the note incorporating revised prices before bringing it to the Cabinet Committee on Economic ...