India 2G spectrum expected to fetch nearly US8B - Mobile World Live

India 2G spectrum expected to fetch nearly US8B

19 MAR 2012

The Indian government expects to raise around INR400 billion (US$7.95 billion) from the sale of 2G spectrum according to the federal budget for the upcoming fiscal year, reports Dow Jones Newswires. The spectrum sale is the result of the Indian Supreme Court cancelling 122 2G licences issued in 2008 after the allocation process was deemed to have been uncompetitive. The increased non-tax revenue will be welcomed due to the current pressure on tax income.

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Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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