Trai recommends cut in mobile spectrum auction floor price - Livemint

New Delhi: India's telecommunications regulator recommended a sharp cut in the floor price of mobile phone airwaves for an upcoming auction, a boon to carriers such as Bharti Airtel Ltd and Vodafone Group Plc's local unit. The regulator recommended on Monday a pan-India reserve price of Rs.1,496 crore per MHz in the 1,800 band. In the 900MHz band, it recommended a reserve price of Rs.288 crore per MHz for Delhi, Rs.262 crore for Mumbai and Rs.100 crore for Kolkata. The government is under pressure to lower auction reserve prices of mobile phone airwaves in different frequency bands after most carriers stayed away from bidding in the last two auctions, saying the prices were high. Reuters via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHncnZfOvoHiblWJ_ZTGDDdIxLI9g&url=http://www.livemint.com/Industry/nOULXtHICBwyk9heQnlUHL/Trai-recommends-cut-in-mobile-spectrum-auction-floor-price.html

Put the internet to work for you. via Personal Recipe 2598265