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General

India cabinet oks 'largest ever' spectrum sale - report

Friday 24 June 2016 | 07:37 CET | News
India's Union Cabinet has approved the next spectrum auction plan. The government hopes to raise nearly INR 5.66 trillion from this auction. "Yes, spectrum auction proposal has been cleared", an official source told The Indian Express. According to the same source, the main document of auction, notice inviting application, is expected to be issued by 1 July, followed by a pre-bid conference on 6 July. The bidding process is scheduled for launch on 1 September. These dates have not been officially confirmed yet.

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Categories: General
Countries: India
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