Indian CDMA Operators to Pay $533 Million for Excess Spectrum Holdings
Published on: 18th Jan 2013
Note -- this news article is more than a year old.
By: Ian Mansfield
Although the Indian government has approved a halving of the reserve fee in its forthcoming CDMA spectrum auction it is also pressing ahead with a one off surplus spectrum fee for the existing operators.
The two networks, Reliance Communications and Tata Teleservices will have to jointly pay around Rs 2,900 crore (USD533 million) to the government for spectrum held in excess of 2.5Mhz.
RCom is reported to be facing a bill of around Rs 1,752 crore and Tata Teleservices is facing a bill of Rs 1,155 crore.
The two state owned networks, BSNL and MTNL also hold excess spectrum in some circles, but their costs have not been announced yet.