India wants to raise USD 83 bln in Sept spectrum auction

Tuesday 9 August 2016 | 10:17 CET | News
The Indian government expects to raise a record INR 5.56 trillion (approximately USD 83 billion) in the spectrum auction scheduled for September this year. The figure represents a 4-fold increase compared to the INR 1.1 trillion raised by the Indian government in last year's spectrum auction. According to telecom Secretary J.S. Deepak, the government plans to sell spectrum across seven wavelengths starting 29 September. Bloomberg reports. Estimations of the amount to be raised are based on reserve prices recommended by India's telecom regulator, Deepak added.

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Categories: Mobile & Wireless
Countries: India
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