Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Cabinet sets Rs 14,000 cr as reserve price for 2G spectrum
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Cabinet sets Rs 14,000 cr as reserve price for 2G spectrum

Cabinet sets Rs 14,000 cr as reserve price for 2G spectrum

FP Archives • December 20, 2014, 10:56:42 IST
Whatsapp Facebook Twitter

The cabinet also approved the recommendation of EGoM for reserve price for 800 MHz band at 1.3 times that of 1800 MHz band

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Cabinet sets Rs 14,000 cr as reserve price for 2G spectrum

New Delhi: The cabinet Friday approved Rs 14,000 crore as the reserve price for the 2G spectrum auction fixed by the Empowered Group of Ministers (EGoM) on telecom, a price lower than the one set by the sector regulator.

“The Cabinet approved the reserve price of Rs 14,000 crore for 5 MHz pan India in 1800 MHz band. The cabinet also approved the recommendation of EGoM for reserve price for 800 MHz band at 1.3 times that of 1800 MHz band,” Communications Minister Kapil Sibal told reporters after the cabinet meeting.

STORY CONTINUES BELOW THIS AD

[caption id=“attachment_404703” align=“alignleft” width=“380”] ![](https://images.firstpost.com/wp-content/uploads/2012/08/Phone_Man_Reuters.jpg "A man speaks on his mobile phone as he waits to cross a street in Mumbai") The minister said Friday’s decision signalled that India meant business and added that the EGoM would meet Monday to decide on the auction schedule. Reuters[/caption]

More from Business
Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution

“Existing slab rate system for Spectrum Usage Charges (SUC), as recommended by EGoM, as the preferred option has also been approved by the Cabinet,” he added.

The minister said Friday’s decision signalled that India meant business and added that the EGoM would meet Monday to decide on the auction schedule.

Last month, the EGoM had recommended the reserve price to the cabinet which is lower than what the sector regulator has suggested for the 2G spectrum auction.

The Telecom Regulatory Authority of India (TRAI) had recommended a reserve price of Rs 18,000 crore.

Justifying the high price which has been highly opposed by the operators, Sibal said the terms of payment were “pathbreaking”.

Impact Shorts

More Shorts
Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

As Trump weaponises tariff, Fed sees a bigger worry: Not jobs, but rising prices in America

As Trump weaponises tariff, Fed sees a bigger worry: Not jobs, but rising prices in America

“Now the spectrum has been allowed to be mortgaged with the banks who will themselves deal with it.”

The Supreme Court Feb 2 ordered cancellation of 122 licences including those of Uninor, Sistema Shyam Teleservices, Loop Telecom, Etisalat DB, Videocon, Idea Cellular and STel and asked for redistribution of these licences though an auction with a deadline of Aug 31.

STORY CONTINUES BELOW THIS AD

All questions relating to the pricing of spectrum currently held by operators and related issues including pricing of contracted spectrum, excess spectrum, retrospective pricing will be considered later.

Meanwhile, Uninor urged the government to do everything to conduct the auctions within the Aug 31 deadline.

IANS

Tags
2G telecom Cabinet SpectrumAuctions
End of Article
Written by FP Archives

see more

Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV