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Indian spectrum auction set for 1st March

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High reserve prices expected to result in muted bidding

India will hold its first spectrum auction in four years on the 1st March, reports the Economic Times. The 2,250 MHz of spectrum is available across seven 4G bands, from 700 MHz to 2500MHz. Successful bidders will have to pay up to 50 per cent in advance, with the balance spread over the  license period after two years, The paper suggests that Jio, the only profitable carrier, is likely to be the main bidder. Other sources suggest that the financial difficulties facing the industry, coupled with the high reserve prices, will result in limited bidding and a rise in data charges.

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India will hold its first spectrum auction in four years on the 1st March, reports the Economic Times.

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