“India is top class telecom investment destination”
India as a destination for telecom is world class ...
“We have made the cash flow requirements more practical. This will help. No entire auction price is to be paid up front. Successful bidder will pay 10 per cent and 20 per cent upfront and remaining amount will have to be paid one month prior to the spectrum availability,” he said.
Reacting to the Government decision to hold auction amid stressful situation, operators body COAI said the DCC’s decision to proceed with spectrum auctions in the near future may be forth with challenges. With spectrum reserve prices 4 to 6 times higher than that of similar spectrum sold recently in several countries, high levels of debt and prevailing financial stress in the sector, “TSPs will find it very difficult to raise funds to participate in the auctions,” DG Rajan Mathews said.