3G auction may raise Rs30,000 cr, says Raja

3G auction may raise Rs30,000 cr, says Raja
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First Published: Thu, Sep 24 2009. 12 44 AM IST
Updated: Thu, Sep 24 2009. 12 44 AM IST
Hyderabad: The money raised from the auction of 3G (third generation) air waves is now expected to be at least Rs30,000 crore against the earlier target of Rs25,000 crore, telecom minister A. Raja said on Wednesday.
“Chances are there to mop up more since recession pressure is expected to end by December,” Raja said on the sidelines of a seminar.
“The base price from five operators will fetch around Rs20,000 crore, and if we include Wi-Max services via auction, it (the mop-up) will easily cross the target, and we may mop up additional Rs5,000 crore easily.”
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First Published: Thu, Sep 24 2009. 12 44 AM IST
More Topics: 3G | A Raja | Telecom | Wi-Max | Technology |