Press Esc to close
Thursday 05 May 2016
News updated at 3:20 AM IST
Weather
Max: 36.2°C
Min : 24.5°C
In Bengaluru
Sunny day

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
Anganwadi workers shouting slogans during a protest rally by members of Nikhila Odisha Anganwadi...

Anganwadi workers shouting slogans during a protest rally by members of Nikhila Odisha Anganwadi...

Laborers pack newborn chicks into crates in Jammu...

Laborers pack newborn chicks into crates in Jammu...

A Kingfisher holds a prey (fish) in its beak on the banks of Dal Lake in Srinagar...

A Kingfisher holds a prey (fish) in its beak on the banks of Dal Lake in Srinagar...

Tourists ride Shikaras as they enjoy the cool weather at Dal Lake in Srinagar...

Tourists ride Shikaras as they enjoy the cool weather at Dal Lake in Srinagar...

Painted Storks catching fish in a pond at their enclosure in Kolkata Zoo...

Painted Storks catching fish in a pond at their enclosure in Kolkata Zoo...

Indian Air Force contingent of Ex Red Flag 16-1 at Eielson Air Force Base Alaska, USA...

Indian Air Force contingent of Ex Red Flag 16-1 at Eielson Air Force Base Alaska, USA...

A Royal Bengal Tiger at its enclosure in Kolkata Zoo on Wednesday...

A Royal Bengal Tiger at its enclosure in Kolkata Zoo on Wednesday...

Plantain Crop damaged at hunsur due to haevy rain...

Plantain Crop damaged at hunsur due to haevy rain...

Sapthagiri college of Engineering  students are using  Pulsar 220 DTSl Engine designed a 12 Feet...

Sapthagiri college of Engineering students are using Pulsar 220 DTSl Engine designed a 12 Feet...

A security person walks as clouds hover over the Parliament house during the Parliament session...

A security person walks as clouds hover over the Parliament house during the Parliament session...