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E-mail ID will not be published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

  • Faith is the opium of the masses, so Indians get addicted

    India is a nation of 1.27 billion. Let that number sink in, with all its zeroes. That’s a lot of people.

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

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture