ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

Govt defers mega spectrum auction by 2 days to October 1

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Govt defers mega spectrum auction by 2 days to October 1
Telecom operators had demanded that the spectrum sale, which is the biggest ever auction, should begin with the start of Navratra festival which is considered auspicious. Representational Image. Image Source: Pixabay

Heeding to the industry's demand for starting spectrum auction from an auspicious date, government has deferred the mega sale of mobile frequencies by two days to October 1.

"For start of the auction September 29 READ start of the auction October 1st," the revised Notice Inviting Application for spectrum auction released by the Department of Telecom (DoT) said.

As per the earlier schedule, bids for airwaves was scheduled to start from September 29, which falls during the 'Shradh' period, during which rituals are held to pay homage to the dead and is considered inauspicious to start any new work. The Shradhs are followed by Navratras -- a nine-day festival period.

Telecom operators had demanded that the spectrum sale, which is the biggest ever auction, should begin with the start of Navratra festival which is considered auspicious.

The DoT has put on the block a total of 2,354.55 megahertz (MHz) of mobile frequencies for auction in all bands -- 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz. All the radiowaves being put for auction can be used for high speed 4G services.

At base price, the sale of all spectrum would fetch bids worth Rs 5.63 lakh crore. Of this, the spectrum in premium 700 MHz band alone has potential to attract bids of Rs 4 lakh crore.

Industry experts, however, have cast doubts over success of the spectrum auction due to high base price of mobile airwaves, but DoT has expressed confidence saying buyers of airwaves in the most expensive frequency band 700 MHz would be able to save 70% of the cost they will spend on rolling out infrastructure. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Spectrum auctionEconomyDepartment of Telecom (DoT)Spectrum SaleNavratra Festival
Written By: PTI
Updated: Mon, Aug 29, 2016
10:24 pm
New Delhi , PTI
RELATED NEWS
Cabinet approves mega-spectrum auction plan Cabinet approves mega-spectrum auction plan
India's spectrum proceeds to be below $12 billion, says HSBC India's spectrum proceeds to be below $12 billion, says HSBC

LATEST NEWS

Lupin's subsidiary recalls over 5,500 skin treatment ointments from US amid manufacturing issue

ITC Dividend 2023: Check record date, ex-date and payment date | ITC Share Price NSE Target

Gold Price Today (February 4): Yellow metal dips over Rs 2,500 from record high - Check rate in Delhi, Mumbai and other cities

Pathaan Box Office Collection: Shah Rukh Khan-starrer raises Rs 729 crore worldwide - Check domestic collection after Day 10| OTT release date here

Kiara Advani and Sidharth Malhotra wedding: Bride-to-be arrives at marriage venue in Jaisalmer

Govt proposes changes in income tax law for startups: Here's how it will help sector to boom, top official explains

JBM Group to foray into electric bus markets of THESE 6 states - check list here

Pakistan's rupee continues speedy crash against US dollar, suffers another big fall

Govt announces substantial hike in windfall tax on locally produced crude oil, diesel and ATF

Vani Jayaram, veteran playback singer, dies at 77

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV