Union Cabinet clears spectrum auction

The cabinet has cleared the proposal for the upcoming spectrum auction likely to be conducted in September 2016. A total of 2,142 MHz of spectrum in the major bands (700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz) will be put up for sale. The cabinet has also decided to revise the lock-in period for sale of equity by telecom companies to one year instead of the earlier period of three years.