Mega spectrum auction likely to net only Rs 40,000 crore, say analysts - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Mega spectrum auction likely to net only Rs 40,000 crore, say analysts

On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country’s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.

from Industry-Economic Times
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