The high reserve price was being blamed for the failure to sell a single lot in the auction for 700 MHz spectrum, reports telecoms.com. Government Minister Ravi Shanker reported the money raised by the auction as ‘satisfactory’, but the 700 MHz band went unsold in spite of the reserve price being lowered by 43 per cent. The low-frequency spectrum has excellent range and propagation characteristics, suitable for extending coverage across rural areas, says the website. It is expected to come up for auction again later this year.
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The high reserve price was being blamed for the failure to sell a single lot in the auction for 700 MHz spectrum, reports telecoms.com.
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