rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Trai sticks to spectrum price-cut proposals

Trai sticks to spectrum price-cut proposals

October 23, 2013 15:04 IST

A telephoneTelecom Regulatory Authority of India 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.

Devidutta Tripathy in New Delhi
Source:
© Copyright 2014 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.