An Empowered Group of Ministers (EGoM) today decided to allocate 700 Mhz spectrum for offering fourth-generation or 4G telecom services. Telecom Minister Kapil Sibal told reporters in New Delhi after the meeting that this particular band is considered to be very efficient and could fetch the government revenues more than it got through auctioning of 3G spectrum last year.According to officials in Department of Telecom, spectrum in 700 Mhz band require probably half the investment to roll out services compared to what was required for rolling out services in wireless broadband spectrum auctioned in 2010.The Information& Broadcasting ministry has earlier placed its claim in this spectrum band saying that Doordarshan has 40 Mhz frequency assignment for mobile video link and 8 Mhz for digital transmission in four metros.