The Empowered Group of Ministers (EGoM) on telecom has approved hiking the reserve price by 25 per cent for the next round of auction of mobile phone spectrum.
Defence Minister A. K. Antony and other members of the EGoM have agreed with the recommendation of the Telecom Commission to better TRAI's suggested reserve or base price for the auction of spectrum in the 1800 and 900 Mega hertz bands used by GSM operators.
Telecom Minister Kapil Sibal confirmed accepting the reserve price recommendations of the Telecom Commission.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app