Base prices for spectrum auction lowered
The Telecom Regulatory Authority of India (TRAI) has recommended lower reserve price for spectrum that had remained unsold in the 2016 auction. For instance, the reserve price of the 700 mhz band has been kept at Rs 6,568 crore per mhz. It was Rs 11,485 crore in the October 2016 auction. The high price of the band had kept operators away, and the airwaves went unsold. The base price of 1,800 mhz band is kept at Rs 3,285 crore per mhz on a pan-India basis. If all spectrum bands are auctioned at their respective reserve prices, the government could earn around Rs 5.06 lakh crore.