Telecom regulator Trai today set Rs 3,622.18 crore as base or minimum price for pan-India spectrum in the auction of radio waves which is to be held following the Supreme Court cancelling 122 licenses.
The minimum or base price set is around 10 times higher than the floor price at which the former Telecom Minister A Raja had allocated spectrum and telecom licenses to companies like Unitech Wireless and Swan in 2008.
From: http://ping.fm/muN4P
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