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News ECONOMY

  • Mar 08, 2013
  • Finmin expects only Rs.20,000 cr via spectrum sale in FY14

    Taking the cue from the poor response to the telecom spectrum auction in the current year, the finance ministry, while finalising the Budget estimates, has kept a conservative assumption of R20,000 crore through the spectrum auction. This would imply that the government is not expecting rich revenue receipts through the spectrum sales from auction in the next fiscal.
    For the fiscal year 2013-14, the government expects a revenue of R40,847.05 crore from other communication services, which include receipt from spectrum sale. This will also include around R5,000 crore that it may get from Sistema Shyam in the March 11 spectrum auction of 800 Mhz spectrum band. Since Sistema is the lone bidder and its earlier licence fee of R1,651 crore paid in 2008 would be adjusted by the government, roughly the company would be able to get spectrum by paying around R5,000 crore.

    Source - http://www.financialexpress.com