Next spectrum auction in March

The Empowered Group of Ministers (EGoM) on Monday recommended that the reserve price for auction of Code division multiple access (CDMA) spectrum in the 800 MHz band be reduced by up to 50%. If this proposal finds favour with the Cabinet, it will place 2.5 MHz of spectrum in the 800 MHz band at roughly Rs. 4,500 crore. MTS (a joint venture between Sistema of Russia and Shyam Telecom) could be a major beneficiary of this move.

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