New Delhi, Jan. 13 In a bid to get the auction process for 3G mobile services back on track, the Department of Telecom has proposed a compromise formula to fix the reserve price at Rs 3,540 crore. The Finance Ministry had suggested a base price of Rs 4,040 crore while the DoT had earlier wanted to keep it at Rs 2,020 crore.
In a note prepared for the consideration of the Cabinet Committee on Economic Affairs, DoT has also said there was no need for sending the proposals back to the telecom regulator for ratification. It said the Department of Legal Affairs has given a view that it was not mandatory to seek recommendations of TRAI and, therefore, a fresh reference was not required.
The tussle between DoT and the Finance Ministry over the base price has already delayed the auction twice. While the Finance Ministry wants to make sure that it receives at least Rs 30,000 crore from auctioning both 3G and broadband wireless access spectrum even if there is a collusion among various players to keep the bid price low
Source:Thomas K. Thomas' report in Hindu Business Line
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