Spectrum sale in March;Cabinet to decide on price cut for CDMA

January 07, 2013 12:40

The second round of spectrum auction will begin in March after the Cabinet decides on reducing reserve price of 800 MHz band, used for offering CDMA-based mobile services.

"All auction will be held in March," Telecom Minister Kapil Sibal said after the EGoM meet here. On CDMA auction, he said the bidding for the 800 MHz band will take place in all the circles. Meanwhile, sources said the Empowered Group of Ministers (EGoM) has proposed 30-50 per cent price cut in CDMA spectrum price and the Cabinet will take a final decision on the issue. "Cabinet will decide on CDMA spectrum price cut. The auctions will begin on March 11," said a source.

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