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Rs. 14,000 crore fixed as base price for 2G spectrum auction

The Union Cabinet on Friday fixed a reserve (minimum) price of Rs. 14,000 crore for 5 MHZ of pan-India 2G spectrum in the 1800-MHz GSM band for auctioning spectrum to be vacated by companies whose 122 licences were cancelled by the Supreme Court on February 2, 2012. The reserve price for 5 MHz of CDMA spectrum has been put at Rs. 18,200 crore, 1.3 times the price of GSM spectrum.

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