The central government has postponed the spectrum auction process scheduled to start on 25th February, 2015 to 4th March due to administrative reasons.
The government has also fixed the base price of 3G spectrum of 2100 MHz at Rs. 3,705 crore per MHz. Telecom Minister, Shri. Ravi Shankar Prasad while announcing the cabinet decision stated that the government was accepting the recommendation of Telecom Commission in this regard. This price is around 11 per cent higher than what the telecom companies paid in 2000 sale.
The estimated proceeds of the spectrum auction in March is Rs. 1 lakh crore.
