Latest News
-
Dimapur Businesses Announce Shutdown Over Rampant Illegal Taxation -
ICEA Proposes Semiconductor Design, Manufacturing as India's Strategic Sector -
RBI Mandates Gurugram's TalkCharge to Refund PPI Wallet Funds -
Vedanta Reports 27% Decline in Q4 Net Profit Amid Tuticorin Impairment -
IndusInd Bank Q4 Results: PAT Soars 15% To Rs 2,349 Cr, NII Climbs 15%; 165% Dividend Declared -
Telecom Body COAI Advocates for Revenue Sharing with Traffic-Heavy Apps -
Tech Mahindra Q4 Results: Cons PAT Declines 41% YoY To Rs 661 Crore; Exits FY24 In Red -
1:5 Split Soon: Multibagger PSU Bank To Consider Dividend Too, Buy For TP Rs 650: Motilal Oswal -
Gold Price In US: Yellow Metal Rates Hold Steady Amidst Easing Middle East Tensions; GDP Data Awaited -
Multibagger Energy Stock To Reward Shareholders With 3 Bonus Shares, Hits 52-Week High
EGOM recommends reduced price for 2G
This maybe hugely disappointing for mobile phone companies who pitched for reduction of 80% from Rs18,000, lower than suggested by TRAI.
The recommendation has suggested that the price to be set between 55% and 65% of the net present value (NPV) of the spectrum.
"The EGOM discussed three specific issues. We are going to make a specific recommendation on each of these issues to Cabinet so that Cabinet decides on it finally," Sibal told reporters after the meeting, even as he declined to share details.
Following a Supreme Court Order, the government was asked to sell 2G airwaves for the first time in order to revoke all the permits granted during 2008. In February, the Supreme Court had canceled the license of 122 licensees, which involved nine companies.
The sources also said that the Department of Telecom (Dot) has asked to come out with presentation on NPV of the spectrum.
However, last week the panel had decided to allow mobile companies to mortgage airwaves, which will allow them to raise funds from banks for the upcoming auctions.
GoodReturns.in
