<p>The Union Cabinet on Wednesday approved the next round of spectrum auction to be held in March, Communications Minister Ravi Shankar Prasad said on Wednesday.<br /><br />The cabinet approved auction of spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz frequency bands, for a validity period of 20 years. "A total of 2251.25 MHz is being offered with a total valuation of Rs. 3,92,332.70 crore," Prasad told reporters after cabinet meeting. <br /><br />Prasad also said, "It's been 4 years since the last auction but conditions for the auction to be same as 2016." This means, notice for inviting applications will commence this month and<br />auction will be conducted by March, he said.<br /><br />Winning the spectrum through the auction will help telecom service providers to augment their network capacity, whereas new players will be able to start their services, said a statement.</p>
<p>The Union Cabinet on Wednesday approved the next round of spectrum auction to be held in March, Communications Minister Ravi Shankar Prasad said on Wednesday.<br /><br />The cabinet approved auction of spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz frequency bands, for a validity period of 20 years. "A total of 2251.25 MHz is being offered with a total valuation of Rs. 3,92,332.70 crore," Prasad told reporters after cabinet meeting. <br /><br />Prasad also said, "It's been 4 years since the last auction but conditions for the auction to be same as 2016." This means, notice for inviting applications will commence this month and<br />auction will be conducted by March, he said.<br /><br />Winning the spectrum through the auction will help telecom service providers to augment their network capacity, whereas new players will be able to start their services, said a statement.</p>
