NEW DELHI: The telecom department has dismissed suggestions from commerce and industry minister Anand Sharma that the reserve price for auctioning 2G spectrum suggested by the telecom regulator was too high. It said the recommendation was in line with what some operators had paid to acquire stake in companies that benefited from former minister A Raja’s largesse as also the 3G auctions.
The statement also suggests that the department is not opposed to Trai’s formulations of a 10-fold jump in the reserve price to over Rs 18,000 per mega Hertz (MHz) in the 1,800 MHz band. In 2008, Raja had gifted spectrum with licence for Rs 1,651 crore, a price which had been discovered sever years earlier in 2001. The Telecom Commission, the inter-ministerial panel, is scheduled to decide on the reserve price and the payment modalities for the spectrum on Saturday.
A source said there was already an in-principle… Continue reading