TRAI sticks to spectrum price-cut proposals

NEW DELHI Wed Oct 23, 2013 2:07pm IST

A man speaks on a mobile phone at a marketplace in New Delhi June 18, 2013. REUTERS/Anindito Mukherjee/Files

A man speaks on a mobile phone at a marketplace in New Delhi June 18, 2013.

Credit: Reuters/Anindito Mukherjee/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - Telecom Regulatory Authority of India (TRAI) reiterated on Wednesday its recommendations for a sharp cut in the reserve prices in an upcoming auction for mobile phone spectrum, responding to clarifications sought by the telecommunications ministry.

The telecommunications regulator had recommended last month that the reserve price for spectrum in the 900 megahertz band in some key cities be cut by about 60 percent, and also suggested a 37 percent cut in the reserve price for spectrum in the 1800 megahertz band.

The cabinet has the final say on the spectrum price proposals, while a panel of ministers will decide on some other rules for the auction planned for January.

(Reporting by Devidutta Tripathy; Editing by Prateek Chatterjee)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India Economy

REUTERS SHOWCASE

Reliance Projects

Reliance Projects

Exclusive: Reliance plans $13 billion projects including new refinery.  Full Article 

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Low Stocks

Low Stocks

Indian power station coal stocks lowest since 2012 blackouts.  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Google Drones

Google Drones

Google is testing unmanned drones to deliver anything from dog food to medicine.  Video 

#RiceBucketChallenge

#RiceBucketChallenge

In India, rice replaces ice in bucket challenge.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage