3G – Finance Ministry asks DoT to double the reserve price..More Delay?

First there was a delay from foreign bidders, and now finance ministry has asked DoT to double the reserve price for pan-Indian allocation of 3G spectrum to Rs 4,040 crore.

Finance ministry has also asked DoT to double the reserve price for WiMAX services to Rs. 2,000 crores (for pan-India allocation) and has questioned the rationale of limiting the auction of only four slots of spectrum in each circle (source)

If at all the reserve price is increased, expect more delay as companies need to plan for more funds – a vicious cycle that will only benefit state owned BSNL and MTNL.

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