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3G
3G delayed to next fiscal; govt expects reduced revenues from spectrum auctions
TT Correspondent |  New Delhi |  17 Feb 2009

3G is not happening in India atleast for now. The government showed the revenues expected from 3G spectrum auctioning as part of its budgetary plans for next fiscal indicating that the services will be further delayed from entering in the country.

 

“We were earlier anticipating a revenue of Rs 30,000 crore from the 3G spectrum auction. But in the Budget we have factored in this figure at a conservative level of Rs 20,000 crore which could be higher or lower depending on the market price brought out at the auction process next fiscal," said Economic Affairs Secretary Ashok Chawla.

 

The very reason for delay i.e. ensuring significant revenues from the spectrum auctioning for 3G services seems to have gone for a toss as the government said that it now expects the auctions to rake in Rs 20,000 crore as opposed to the earlier expectations of Rs 30,000 crore.

    
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17 Feb 2009(IST)  
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