Sun, 11 Nov 2012 18:45:00 GMT | By PTI

2G spectrum auction on Monday

New Delhi: The government will begin on Monday the auction for telecom spectrum through which it is hoping to meet Rs 40,000 crore revenue target.

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2G spectrum auction on Monday (© Reuters)

The auction for the airwaves or frequencies freed from the cancellation of 122 telecom licenses, belonging to mainly eight companies, by the Supreme Court in February, will start at 9am on Monday.

“We have taken quick decision, firm decisions in the telecom sector. The result of which is that we are in process of auction. The auction will start on November 12,” Telecom Minister Kapil Sibal said at an event on Saturday.

The cancelled permits included Uninor’s 22 licences, Loop Telecom (21), Sistema Shyam (21), Idea Cellular including Spice Communications (13), Videocon (21), Etisalat DB formerly Swan Telecom (15), S-Tel (6) and Tata Teleservices (3 CDMA licences).

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