Spectrum reserve price cut by 25-53%

Two rounds of lukewarm response in spectrum auctions saw the government cut the reserve price for airwaves used by telecom companies by 25-53%, paving the way for fresh sale starting January. The latest round of auction for spectrum to be used by GSM operators is expected to help the government mop up Rs 30,000-40,000 crore for the cash-strapped exchequer.

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