Govt to begin 2G telecom spectrum auction tomorrow

November 11, 2012 15:24

The government will begin tomorrow the auction for telecom spectrum through which it is hoping to meet Rs 40,000 crore revenue target. The auction for the airwaves or frequencies freed from the cancellation of 122 telecom licenses, belonging to mainly eight companies, by the Supreme Court in February, will start at 0900 hours on Monday.

"We have taken quick decision, firm decisions in the telecom sector. The result of which is that we are in process of auction. 12th of November that auction will start," Telecom Minister Kapil Sibal said at an event on Saturday.

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