Government takes one major step towards the 3G Spectrum allocation to private telecom service providers. Government on Friday fixed reserve price of Rs 4040 crore for auction of 3G spectrum, a move that would help it garner at least Rs 32,320 crore. A consensus between Finance Minister Pranab Mukherjee and Telecom Minister A Raja was arrived as the two met Prime Minister Manmohan Singh for the approval of the reserve price, based on which the process of bidding would start soon.
Initially six private operators apart from state owned MTNL and BSNL would be allowed to offer 3G services that enables high speed internet, videos and many other value-added services on mobile phone.
Government takes one major step towards the 3G Spectrum allocation to private telecom service providers. Government on Friday fixed reserve price of Rs 4040 crore for auction of 3G spectrum, a move that would help it garner at least Rs 32,320 crore. A consensus between Finance Minister Pranab Mukherjee and Telecom Minister A Raja was arrived as the two met Prime Minister Manmohan Singh for the approval of the reserve price, based on which the process of bidding would start soon.
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