JOIN USThe biggest- ever auction of telecom spectrum for Rs 5.66 lakh crore will take place in 50 days from now with the Cabinet approving 3% annual usage charge for it.
The government expects to raise at least Rs 64,000 crore from the auction of about 2,300 Mhz of spectrum and
Rs 98,995 crore from various levies and services in the telecom sector in this financial year alone.
“The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the rates for Spectrum Usage Charge for various bands of spectrum for which auction is going to be conducted shortly,” an official statement read. “With this, the path is clear for issuance of the Notice Inviting Application for the auctions by the Telecom Department.”
As per the decision, spectrum to be sold in the bands of 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz will attract SUC at the rate of 3 % of the Adjusted Gross Revenue.