Govt to get over Rs.40,000 crore from 3G auction
New Delhi, May 02: India Saturday concluded 110 rounds of an auction to award spectrum for third generation (3G) telecom services in the country, with the government’s provisional revenue from the sale of airwaves reaching Rs.40,054 crore, more than what it expected.
Communication Minister A. Raja earlier this week had said that the government expects Rs.40,000 crore revenue from the 3G spectrum auction alone.
The government expects to raise Rs.55,000 crore from the 3G auction and the rolling out of broadband wireless Internet services in the country, he had said.