The country’s largest auction of telecom spectrum will kick off from September 29. It will put on sale mobile airwaves worth around ₹5.60-lakh crore at the base price value, the government said on Monday.
“The amount of spectrum to be auctioned is more than any of the previous auctions and we believe that it will give an opportunity to bidders to acquire chunks of spectrum that will enable them to provide good quality service as per international benchmarks,” JS Deepak, Secretary, Department of Telecom (DoT), said in New Delhi.
Releasing the notice inviting applications (NIA), Deepak said the pre-bid auction will be held on August 13, where various elements of the NIA will be discussed in detail.
“The inter-ministerial committee will supervise the auction (pre-bid conference) to interact with the perspective bidders, experts, and others, and seek their comments and clarifications,” he said.