New Delhi: The Cabinet has approved the proposal of DoT (Department of Telecommunications) to auction the next round of spectrum in 800, 900, 1800 and 2100 Megahertz bands. As per the official sources, Notice Inviting Application or NIA for the auction of spectrum in 800, 900, 1800 and 2100 MHz was issued earlier this Friday by the DoT.
The auction, that has been set to start on 25 February this year, will include a total spectrum of 103.75 Mhz in 800 Mhz band, 177.8 MHz in 900 MHz band and 99.2 MHz in 1800 MHz. The details for the 2100 MHz band are yet to be announced by the DoT, the notice stated.
According to the reports, the auction shall be in effect for the next 20 years, with an option of partial payment. “Validity of spectrum in this auction shall be 20 years. There is also an option of deferred payment. The auction format is simultaneous, multiple-round, ascending auction,” said officials.
The reserve prices for each of the MHz in the bands are going to have a price ranging from 2,100 crores to 3,900 crores and these estimates were finalized by the Cabinet itself after it accepted the proposal of DoT.
“The reserve price approved is Rs.3,646 crore pan-India per MHZ in 800 MHz, Rs.3,980 crore for 900 MHz band pan India excluding Delhi, Mumbai, Kolkata, and Jammu and Kashmir; Rs.2,191 crore pan India (excluding Maharashtra and West Bengal) in 1800 MHz band,” the statement said.
DoT has decided that the last date for the submission of the application is 6th February, and the auction will be conducted online at the URL provided by the department.
However, in an another news the Supreme Court of India refused to grant a stay on the proposed stay on the spectrum allocated to the Bharti Airtel and Vodafone. According to the telecom companies, license of the allocated spectrum is due till December 2015 and cannot be put in the auction.Tags: Auction, Business, Cabinet, Department of Telecommunications, DoT, Spectrum