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Telecom Regulatory Authority of India has recommended a sharp cut in the floor price of mobile phone airwaves for an upcoming auction, a boon to carriers such as Bharti Airtel Ltd and Vodafone Group Plc’s local unit.
The regulator recommended on Monday a pan-India reserve price of Rs 1496 crore per MHz in the 1800 band. In the 900 MHz band, it recommended a reserve price of Rs 288 crore per MHz for Delhi, Rs 262 crore for Mumbai and Rs 100 crore for Kolkata.
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The government is under pressure to lower auction reserve prices of mobile phone airwaves in different frequency bands after most carriers stayed away from bidding in the last two auctions, saying the prices were high.
Reuters
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