Telecoms spectrum auction to proceed as scheduled: Official

India's telecommunications spectrum auction due to start on February 3 will proceed as scheduled, telecoms secretary MF Farooqui said on Wednesday.

The deadline for companies to submit interest to participate in the auction is Wednesday, but the government is yet to take a decision on a proposal to reduce the annual fee carriers pay for using airwaves.

Farooqui said he was hopeful of resolving the pending issues, including the annual spectrum fee, before the auction begins next month.

The government hopes to raise at least $1.8 billion from the auction, crucial in its efforts to rein in India's budget deficit.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi’s new listing norms should protect small investors

    There has been a long-standing debate on what should be the liability of individual promoters and directors in case a company does not meet its obliga

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Rajgopal Nidamboor

The biology behind cultivated wisdom

We are our habits and our behaviour. We are our ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture