The spectrum auction that closed yesterday will fetch the government over Rs 1 lakh crore, including the upfront payment of nearly Rs 29,000 crore. However, not too much of this amount may come in before the end of this fiscal year.
The spectrum auction that closed yesterday will fetch the government over Rs 1 lakh crore, including the upfront payment of nearly Rs 29,000 crore. However, not too much of this amount may come in before the end of this fiscal year. Telecom Minister Ravi Shankar Prasad said the yearly load on telcos from the auctions will stand at around Rs 5,300 crore.
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Yearly load on telcos from auction to be Rs 5300 cr: Prasad
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