Cabinet okays largest ever spectrum auction to get Rs 64840 cr

January 05, 2015 21:28

The Union Cabinet today approved the largest ever telecom spectrum auction that is targeted to fetch at least Rs 64,840 crore from the sale next month.

The government will sell 380.75 megahertz of second generation (2G) spectrum in three bands -- the premium 900 MHz, 1800 MHz and 800 MHz. Spectrum in 2100 MHz may also be put on auction simultaneously after Defence Ministry vacates it.

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