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Govt to auction off 2354 MHz of spectrum worth Rs 5.6 lakh crore

A total of 2,354.55 megahertz of spectrum in the 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300MHz, and 2500MHz bands will be auctioned by the government on September 29th , which could apparently fetch it Rs 5.6 lakh crore. The government has issued notice inviting applicants (pdf) for prospective bidders through the DoT, and specified a tentative timeline for the auction process. This will be India’s largest telecom spectrum auction. Note that out of the 2,354.55 MHz of spectrum, a quantum of 197MHz of airwaves in the 1,800 MHz band and 37.5MHz in the 800 MHz band, were released due to spectrum harmonization process conducted in these bands. Reserve price: The reserve prices for the 2016 auctions is set as per recommendation of TRAI; it had suggested reserve prices of Rs 11,485 crore per MHz for pan India…

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