EGoM to meet on June 5 for fixing spectrum base price

An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, will meet on June 5 to decide on the base price for the much-awaited auction of telecom spectrum. The EGoM will meet on June 5, Department of Telecom Secretary R Chandrashekhar told reporters here.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

May 29, 2012, 11.31 AM | Source: PTI

EGoM to meet on June 5 for fixing spectrum base price

An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, will meet on June 5 to decide on the base price for the much-awaited auction of telecom spectrum. "The EGoM will meet on June 5," Department of Telecom Secretary R Chandrashekhar told reporters here.

Like this story, share it with millions of investors on M3

EGoM to meet on June 5 for fixing spectrum base price

An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, will meet on June 5 to decide on the base price for the much-awaited auction of telecom spectrum. "The EGoM will meet on June 5," Department of Telecom Secretary R Chandrashekhar told reporters here.

Post Your Comments

Share Cancel

EGoM to meet on June 5 for fixing spectrum base price
An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, will meet on June 5 to decide on the base price for the much-awaited auction of telecom spectrum. "The EGoM will meet on June 5," Department of Telecom Secretary R Chandrashekhar told reporters here.

The Telecom Commission (TC), which met here last week,left the decision on the high-powered ministerial panel of fixing the price of spectrum to be auctioned, as necessitated by the cancellation of 122 2G licences by the Supreme Court.

It has asked sectoral regulator Trai to conduct an analysis of the impact of spectrum price on tariff if it is passed on and in case it is absorbed, then what is the effect on companies' businesses, viability and return on investment.

The detailed analysis, along with Trai recommendations, would be presented to the EGoM for its decision. Trai has proposed Rs 3,622.18 crore for one megahertz (MHz) as base or minimum price for pan-India spectrum for auction.

This suggested price is around 10 times higher than the floor price at which the former Telecom Minister A Raja had allocated spectrum and licences in 2008.

The apex court had cancelled the licences in the 2G spectrum case, following which Trai was asked to recommend auction modalities for the cancelled permits in the 800 MHz (CDMA services) and 900 MHz (GSM services) bands.

Buy, Hold, Sell ? Hear it first on M3
EGoM to meet on June 5 for fixing spectrum base price

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login