Trai suggests huge cut in spectrum price

After two of the government’s attempts to auction 2G spectrum in the 1,800-MHz band received lukewarm response — in some key circles, no response — the Telecom Regulatory Authority of India (Trai) on Monday proposed a 37 per cent reduction in base price, from Rs 2,379 crore to Rs 1,496 crore per MHz of pan-Indian spectrum.

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