Feedback

Reader's Poll

Which of the following technologies/concepts are likely to witness significant traction this year?
 
Any data to show

Teledata

Tele Data

Mobile Subscribers Yearwise comparision

Supreme Court allows government to conclude spectrum auctions

March 29, 2015

The Supreme Court has allowed the government to conclude the auction of spectrum and collect initial payments from operators.

Earlier, in March 2015, the Supreme Court had allowed the government to proceed with the auction, which began on March 4, 2015 on the condition that no final spectrum allocations could be made until after the court held hearings regarding legal issues raised by various operators and industry stakeholders.

The government has received bids worth Rs 1,098.74 billion from the auction of spectrum in four bands after a 19-day auction which concluded on March 25, 2015.  Following the Supreme Court’s orders, the government can now collect intitial payments from successful bidders, which is expected to be over Rs 280 billion to help close its fiscal deficit.

The final allocation of spectrum however, will be subject to the court's verdict as the auction criteria and guidelines have been challenged by few of the players.

 
 

To post comments, kindly login

  • Most Viewed
  • Most Rated
  • Most Shared
  • Related Articles
 Your cart is empty
Banner
Banner
Banner
Banner