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Spectrum sale News
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Government on Monday issued demand notes to seven telecom operators to make payment in 10 days for the spectrum they bought in the just-concluded auction.
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Telecom companies today sought deferment of the mega spectrum auction by a day or two so as to provide more gap between the trial session and the actual start of bidding.
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In the latest, Telecom Department has announced that bidding rounds for the biggest-ever spectrum auction will begin from September 29. The sale will include mobile airwaves worth Rs 5.63 lakh crore at the base price value.
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The much awaited spectrum auction, wherein eight companies are bidding to acquire radiowaves in four bands, started on Wednesday.
As of November-end, the fiscal deficit had touched 99 percent, a record high.
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