India expects next mobile airwave auction in January: official

Reuters News
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Posted: Sep 24, 2013 12:55 AM
India expects next mobile airwave auction in January: official

(Reuters) - India expects to conduct its next mobile phone airwave auction in January, Telecommunications Secretary M.F. Farooqui said on Tuesday, adding the government has estimated 110 billion rupees ($1.76 billion) of revenue from the auction.

The telecommunications regulator earlier this month recommended a sharp cut in the auction reserve prices. The reserve prices are yet to be finalised by the government.

($1 = 62.4950 Indian rupees)

(Reporting by Devidutta Tripathy; Editing by Anupama Dwivedi)