Press Esc to close
Wednesday 29 June 2016
News updated at 3:27 AM IST
Weather
Max: 27.2°C
Min : 20.8°C
In Bengaluru
Rain lightly

Spectrum auction nets govt 1,706 cr

New Delhi, Dec 2, 2012, DHNS:
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

Photo Gallery
Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Horse-mounted Policemen seen at a road in Kolkata...

Horse-mounted Policemen seen at a road in Kolkata...

An egret takes off in New Delhi on Tuesday...

An egret takes off in New Delhi on Tuesday...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

Muslims prays inside a mosque during the fasting month of Ramadan in Mumbai...

Muslims prays inside a mosque during the fasting month of Ramadan in Mumbai...

Army persons move towards the house where a Hizbul Mujahideen militant was hiding...

Army persons move towards the house where a Hizbul Mujahideen militant was hiding...

Bollywood actor Arjun Kapoor gestures at an awareness campaign for road safety....

Bollywood actor Arjun Kapoor gestures at an awareness campaign for road safety....

Delhi CM and AAP convener Arvind Kejriwal is welcomed by fishermen community...

Delhi CM and AAP convener Arvind Kejriwal is welcomed by fishermen community...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523