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HomeBusinessSpectrum sale: DoT to issue main auction paper next week

Spectrum sale: DoT to issue main auction paper next week

Armed with Cabinet approval of the annual usage charge for spectrum sale, the Telecom Department is all set to issue the main auction document early next week, paving the way for the mega auction by September-end.

“We will come out with the NIA (Notice Inviting Application) early next week… This will set the process in place,” Telecom Secretary J S Deepak said.

He said the auction of mobile airwaves will be held by September-end.

The NIA is the main document of spectrum auction which carries all details of radiowaves being put up for sale, rules, price and the like and is legally binding on both the government as well as bidders.

The Cabinet last evening approved 3 per cent annual usage charge for the spectrum to be procured in the upcoming auction, setting the stage for India’s biggest ever spectrum sale, which is expected to fetch a whopping Rs 5.66 lakh crore.

The government expects to raise at least Rs 64,000 crore from the auction of about 2,300 Mhz of spectrum and Rs 98,995 crore from various levies and services in the telecom sector this financial year.

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