Decision on base price of telecom spectrum to be taken by EGoM

NEW DELHI: An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, is slated to meet on June 5 to take decision on the base price of the telecom spectrum, said Department of telecom secretary R Chandrashekhar.

The Telecom Commission (TC) met in the national capital last week. The decision on the high-powered ministerial panel of deciding the price of spectrum to be auctioned, as started by the cancellation of 122 2G licences by the Supreme Court.

The Telecom Regulatory Authority of India (TRAI) to conduct an analysis of the effect of spectrum price on tariff.

The detailed analysis, along with TRAI proposals, would be unveiled to the EGoM for its decision.

TRAI has received Rs.3,622.18 crore for one megahertz (MHz) as base or minimum price for pan-India spectrum for auction.

This recommended price is nearly 10 times higher as compared to the floor price at which the former telecom minister A Raja had sanctioned spectrum and licences in 2008.