Press Esc to close
Sunday 05 July 2015
News updated at 1:07 PM IST
Weather
Max: 33°C
Min : 20°C
In Bengaluru
Partially cloudy
Breaking News

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
Kalari Academy of performing Arts students presenting Kalaripayattu...

Kalari Academy of performing Arts students presenting Kalaripayattu...

Actor Prakash Rai at a photography exibition on Tigers in Bengaluru on Saturday...

Actor Prakash Rai at a photography exibition on Tigers in Bengaluru on Saturday...

Sky Diving Demo in Chennai...

Sky Diving Demo in Chennai...

Cadets of officers Training Academy performing free fall para jumping from AN 32 Aircraft...

Cadets of officers Training Academy performing free fall para jumping from AN 32 Aircraft...

Villagers cross Rambi Ara River...

Villagers cross Rambi Ara River...

British Grand Prix 2015...

British Grand Prix 2015...

Derailed coaches of a goods train after collision with a truck in Purulia district in West Bengal...

Derailed coaches of a goods train after collision with a truck in Purulia district in West Bengal...

Stray cows jumped the barricade to eat the grass in front of Vidhana Soudha in Bengaluru...

Stray cows jumped the barricade to eat the grass in front of Vidhana Soudha in Bengaluru...

Labourers extract sand from the Jhelum River in Srinagar on Saturday....

Labourers extract sand from the Jhelum River in Srinagar on Saturday....

Bollywood actor Salman Khan with singer Mika Singh during the launch of an Eid song...

Bollywood actor Salman Khan with singer Mika Singh during the launch of an Eid song...

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