HomeNewsTrendsCurrent AffairsExpect spectrum auction to be finalised in Sept: Telecom Min

Expect spectrum auction to be finalised in Sept: Telecom Min

Government expects to hold the mega spectrum auction in September, through which it hopes to garner Rs 5.66 lakh crore, Telecom Minister Manoj Sinha said on July 8

July 08, 2016 / 17:19 IST
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Government expects to hold the mega spectrum auction in September, through which it hopes to garner Rs 5.66 lakh crore, Telecom Minister Manoj Sinha said on July 8.

The minister, who took charge earlier this week, said: "We expect spectrum auction to be finalised in September." Last month, the Union Cabinet had approved the spectrum auction plan.

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The government expects to raise at least Rs 64,000 crore from the auction of about 2,300 Mhz of spectrum and Rs 98,995 crore from various levies and services in the telecom sector.

On call drops, where the industry and the government have been at the loggerheads, Sinha assured that he expects "qualitative progress" on the issue in coming 5-6 months.