News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 3 years ago
Rediff.com  » Business » Cabinet approves next round of spectrum auction

Cabinet approves next round of spectrum auction

Source: PTI
December 16, 2020 16:09 IST
Get Rediff News in your Inbox:

According to Jio, spectrum worth Rs 3.92 lakh crore is lying unused with the DoT for auction.

The Union Cabinet has approved the next round of spectrum auction, Information and Broadcasting Minister Prakash Javadekar said on Wednesday.

The minister said that the Cabinet has approved relief for sugarcane farmers, improvement in electricity infrastructure in North Eastern states and the auction of spectrum.

 

The Digital Communications Commission, the apex decision making body of the Department of Telecom, in May approved the spectrum auction plan subject to the Cabinet approval.

The DoT is yet to come out with any notification for the next round of auction in which airwaves worth Rs 5.22 lakh crore are to be sold.

According to Jio, spectrum worth Rs 3.92 lakh crore is lying unused with the DoT for auction.

The telecom ministry gets an average revenue share of 5 per cent as spectrum usage charge from telecom operators which is calculated based on their spectrum holding and 8 per cent as licence fee from the revenue earned by them from sale of communication services.

Photograph: PTI Photo

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!