New Delhi, Jan. 7 (ANI): Union Telecom Minister Kapil Sibal said that auction for unsold spectrum bands would begin soon at a reduced price of 30 percent from the previous auction after the empowered group of ministers (EGoM) meets to discuss a roadmap for spectrum that remained unsold.
Talking to reporters here on Monday, Sibal said: "The EGoM met this morning and took some vital decisions, the first was that the auction for the 1800 Mega Hertz band in four circles in which bids were not received in November 2012 will be put up for auction, the reserve price will be 30 percent lower than the reserve price that was fixed at that time."
The government had earlier set the reserve price of CDMA airwaves at Rs 36.4 billion per megahertz for all 22 telecommunication zones of the country, 30 percent higher than that of GSM airwaves.
According to media reports, the high-powered panel in its last meeting on January 3, deliberated on the spectrum sale in 1800/900 MHz Bands but did not finalize a date for the start of auction process.
"Decision two is to conduct auction in the 900 Mega Hertz band in the three metros that is New Delhi, Mumbai and Kolkata where licensees are due for renewal in 2013," said Sibal.
He added that the auctions would begin in March 2013.
The government auctioned airwaves in November after the Supreme Court revoked the permits of several cellular carriers and redistributed airwaves through open bidding. (ANI)