Press Esc to close

Spectrum auction nets govt 1,706 cr

New Delhi, Dec 2, 2012, DHNS: 1:25 IST
File photo
In the recently held auction of the 1,800 MHz band spectrum, the Centre finally got only Rs 1,706.92 crore from telecom companies. This amount is much less than the targeted Rs 40,000 crore from sale of radiowaves in the current financial year.

In the recently concluded auction of 2G radio waves, the five telecom operators, who have won the spectrum, have to shell out a total of Rs 9,407.64 crore. However, they were given an option to either pay the entire amount upfront or pay under a deferred scheme in which they had to pay only 33 per cent upfront and get a two-year moratorium to pay the balance in ten equal installments.

Besides, the Empowered Group of Ministers on telecom headed by Finance Minister P Chidambaram in October also decided to adjust the earlier payment made by companies whose licences were cancelled by the Supreme Court in February on the rider that there are no criminal proceedings pending against them in the 2G scam case.

Payment details

As per the Department of Telecom sources, Telenor promoted Telewings Communications has paid Rs 1,326.03 crore out of Rs 4,018.28 crore it needed to pay and Vodafone paid Rs 372.22 crore out of the required Rs 1,127.94 crore. Bharti Airtel paid the entire amount of Rs 8.67 crore.

Videocon and Idea Cellular needed to pay Rs 733.08 crore and Rs 670.33 crore, respectively, but they adjusted their payments against licence fee they had paid for permits that were cancelled by the Supreme Court in February this year.

Go to Top

Most trending stories
Photo Gallery
Bollywood Actress Kareena Kapoor Khan,Director Rakesh Omprakash Mehra,Minister Roshan Baig...

Bollywood Actress Kareena Kapoor Khan,Director Rakesh Omprakash Mehra,Minister Roshan Baig...

Dancers perform during the inauguration of the 10th Bengaluru International Film Festival...

Dancers perform during the inauguration of the 10th Bengaluru International Film Festival...

Carolina Kostner of Italy performs during the women's free figure skating final in the...

Carolina Kostner of Italy performs during the women's free figure skating final in the...

Prime Minister Narendra Modi with his Canadian counterpart Justin Trudeau, First Lady...

Prime Minister Narendra Modi with his Canadian counterpart Justin Trudeau, First Lady...

Russian athlete Ivan Telegin (7) skates with the puck against Jakub Nakladal (87)...

Russian athlete Ivan Telegin (7) skates with the puck against Jakub Nakladal (87)...

A motorcycle rider performs stunts at the 'Hamburg Motor Days' fair in Hamburg, Germany...

A motorcycle rider performs stunts at the 'Hamburg Motor Days' fair in Hamburg, Germany...

Tourists ride on horses after snowfall at Anjni Mahadev near Manali on Friday...

Tourists ride on horses after snowfall at Anjni Mahadev near Manali on Friday...

Canadian Prime Minister Justin Trudeau signs the visitor's book as his son Hadrien looks on...

Canadian Prime Minister Justin Trudeau signs the visitor's book as his son Hadrien looks on...

The Swedish team celebrates their gold medal after the venue ceremony at the men's...

The Swedish team celebrates their gold medal after the venue ceremony at the men's...

Rajasthani folk artists perform at historical Govind Dev Ji temple during the 'Fag Mahotsav'...

Rajasthani folk artists perform at historical Govind Dev Ji temple during the 'Fag Mahotsav'...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.