Just In
- 47 min ago Best Noise-Cancelling Earbuds Under Rs 5,000: CMF Buds Pro, Redmi Buds 5, Realme Buds Air 5, and More
- 51 min ago How to Get Zomato Gold Membership Worth Rs 999 for Free
- 3 hrs ago Garena Free Fire Max Redeem Codes for April 20, 2024: Get Access to the Latest In-game Loot
- 3 hrs ago Apple Watch X Renders Surface: Magnetic Bands, Blood Pressure Tracking, and More
Don't Miss
- Finance Defence Stock Set To Become Cheaper, 1:5 Split Approved: Shares Zoom 406% In 1-Yr
- Sports DC vs SRH My11Circle Prediction IPL 2024 Match 35: DEL vs HYD Fantasy Tips & Expert Picks
- Movies Love Sex Aur Dhokha 2 Box Office Collection Day 1: LSD 2 Gets A Poor Opening; Fails To Beat Vidya's Film
- News Punjab Human Rights Panel Issues Notice To ADGP In Sangrur Jail Clash Case
- Lifestyle Russian Influencer Starves His Newborn To Death With Sunlight Diet, Know Dos And Don’ts Of This Diet
- Education UPMSP Class 10 and 12 Results 2024 Released Today, Check the Details Here
- Automobiles Tesla CEO Elon Musk's Much-Awaited Visit to India Deferred, Leaving Questions Unanswered
- Travel Journey From Delhi To Ooty: Top Transport Options And Attractions
Govt Dictates 50% Slash in Reserve Price of CDMA Spectrum
The government has announced a 50% price cut in the reserve price for CDMA spectrum as there were no takers for the same in the proposed auction. The price of 800 mega Hertz spectrum is reduced to Rs. 9,100 crore from the earlier rate of Rs. 18, 200 crore for 5 MHz band. The announcement was made by the telecom minister Mr. Kapil Sibal.
The move to reduce the spectrum rates was recommended by the empowered group of ministers which was later approved by the Union Cabinet. The rates are cut with a view of getting back the telecom companies like Sistema Shyam and Tata Teleservices that had skipped the auctions last month.
An announcement was made by the telecom secretary, R Chandrasekhar, stating, that the CDMA operators who possess spectrum beyond 2.5MHz will be charged at the reduced base price with effect from January 1, 2013.
The companies are still not satisfied with the prices and are demanding a steeper cut. The company, Sistema Shyam said the recent decision by the Union Cabinet to cut the prices emphasizes that the demand for 800MHz is very less. The lobby group for CDMA operators, Auspi, said that the rate cut could have been at the order of 75 %.
The Government now plans to conduct the first round of auctions on March 11 to sell the unsold spectrum in the 1,800 MHz band which are used by the GSM operators such as Vodafone and Airtel. The base price for the 1,800 MHz band has been lowered by 30%. The auction will be followed by the auction for CDMA bands and then the 900MHz band for GSM providers.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999
-
2,500
-
3,599