The government is keen to auction at least 5 MHz of 3G spectrum along with the sale of airwaves in the bands of 800 MHz, 900 MHz and 1,800 MHz in the upcoming sale in February. Overall, the exchequer is guaranteed of collections of at least Rs 80,000 crore at the base price, though actual collections will certainly be higher.
Earlier this week, the Cabinet approved prices for all the bands but for 3G as the government moves ahead with the sale.
The pan-India per megahertz reserve price approved for the 800 MHz CDMA band is Rs 3,646 crore; for the 900 MHz band Rs 3,980 crore (excluding Delhi, Mumbai, Kolkata, and J&K); and for the 1,800 MHz band Rs 2,191 crore (excluding Maharashtra and West Bengal).
The quantum of spectrum to be put up for auction is 103.75 MHz in 800 MHz band, 177.8 MHz (in 17 circles) in the 900Hz band and 99.2MHz (in 15 circles) in the 1,800MHz band.
The government is looking to bridge the yawning fiscal deficit through the sale of the mobile airwaves.