Vodafone offers R4K cr for retaining 2G spectrum

Vodafone India has offered to pay Rs 4,000 crore for retaining premium 2G spectrum as it licences are set to expire next

Written by Press Trust Of India | New Delhi | Published: July 2, 2013 2:51 am

Vodafone India has offered to pay Rs 4,000 crore for retaining premium 2G spectrum as it licences are set to expire next year in three service areas — Delhi,Mumbai and Kolkata — where radiowaves are proposed to be sold in the third round of auction.

Sources said the telecom player has written to the Department of Telecommunications (DoT) that “for extension of our licence for 20 years,along with current mix of spectrum and flat spectrum usage charge of 3 per cent AGR (adjusted gross revenue),we are willing to pay Rs 4,000 crore”.

DoT is learnt to have presented the proposal before an empowered group of ministers (EGoM),when it met on June 26.

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