Raja expects minimum Rs 25,000 cr from 3G, BWA spectrum bids

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Telecom

Raja expects minimum Rs 25,000 cr from 3G, BWA spectrum bids

6/17/2009 12:26:22 AM

New Delhi June (EPC News): Telecom Minister A Raja said that he expects revenue of at least Rs 25,000 crore from the auction of radio waves for third generation (3G) mobile, broadband and wireless services.

Raja, who met Finance Minister Pranab Mukherjee, said his department had assured the government of an early service rollout. In connection with the 3G and WiMAX auctions, we assured (the Finance Minister) of an early rollout, an early auction and more revenue for the government.

Raja's estimate is lower than what (Rs 30,000 crore) the government had forecast last year when the 3G auction process was announced. DoT plans to auction frequency for 20 of India's 22 telecom service areas. The exercise has been delayed after the Finance Ministry suggested that the starting auction price of Rs 2,020 crore be doubled.