Spectrum auction begins, 8 telcos in fray

February 03, 2014 10:18

The third round of spectrum auction started today with eight telecom companies in the fray.

The government expects to garner at least Rs 11,300 crore from the auction.

"The auction started at 9 am today," official sources said.

The department of telecom has put on block around 385 MHzof radiowaves in the 1800 MHz band, and 46 MHz in the 900 MHzband.

As per the rules of the auction, every company has been given quota of 240 minutes to extend bid round. This means throughout the auction, each company can extend the auction round by total of 4 hours.

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