November 11, 2012 7:06 PM

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Centre to begin auction of telecom spectrum tomorrow

The government will begin auction for the telecom spectrum tomorrow. The spectrums were freed from the cancellation of 122 telecom licenses by the Supreme Court in February this year. Instead of auctioning entire spectrum freed from cancellation of licences, the government is auctioning a maximum of 11 blocks of airwaves frequencies in each circle, barring Delhi and Mumbai where there are only eight blocks, to attract high price for spectrum.

The apex court had allowed the companies, whose permits were cancelled, to get spectrum reallocated for continuing their business if they win spectrum in the auction.

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