Home
Telecom
Telecom News
Spectrum auction NIA document expected in 15 20 days: DoT

Spectrum auction NIA document expected in 15-20 days: DoT

By Indo-Asian News Service | Updated: 30 December 2013 15:43 IST

Click Here to Add Gadgets360 As A Trusted Source

The notice inviting applications (NIA) for the spectrum auctions in January 2014 is expected to come in another 15-20 days, M.F. Farooqui, secretary, Department of Telecommunications (DoT) said Thursday.

"The NIA will come in about 15-20 days' time from now," he told reporters on the sidelines of the India Telecom 2013 organised in New Delhi by the Federation of Indian Chambers of Commerce and Industry (FICCI) and DoT.

(Also see: Spectrum auction scheduled for late December, with lower base prices: Sibal)

NIA is a legal document that lays down rules and regulations of the auction.

The government aims to garner Rs. 40,000 crore from the auction in January, Telecom Minister Kapil Sibal said during his inaugural speech.

"Considering industry-friendly regulatory changes that we promulgated, I am confident of meeting revenue target of Rs. 40,000 crore from spectrum sale this fiscal," he said.

The earlier two rounds of auction had fetched only about Rs. 12,000 crore as most operators stayed away, citing high base prices.

The government had made a total revenue target of Rs. 40,874.5 crore this financial year from the spectrum auction.

The spectrum likely to be auctioned in 2014 is more than 400MHz of airwaves for commercial use in 1,800MHz and 45MHz of airwaves in 900MHz.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.