Cabinet Approves Rs 3.9 Lakh Crore Auction of Spectrum

Cabinet Approves Rs 3.9 Lakh Crore Auction of Spectrum

The Government has approved a proposal of the Department of Telecommunications (DoT) to conduct spectrum auction through which spectrum will be assigned to the successful bidders for providing commercial mobile services.

Proposal for the auction of 2,251.25 megahertz of spectrum worth Rs 3.92 lakh crore at the base price has been approved.

However, the government, has decided not to auction frequencies in 3,300-3,600 Mhz bands that were identified for 5G services.

As per the press release, the auction will be for spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz frequency bands. Spectrum will be offered for assignment for a validity period of 20 years. A total of 2,251.25 MHz is being offered with a total valuation of Rs 3,92,332.70 crore (at reserve price).

The telecom ministry plans to issue a notice to invite bids in December and hold the spectrum auction by March, telecom minister Ravi Shankar Prasad said.

Click here for Official Press Release

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