Tuesday, February 17, 2009

3G auction may fetch only Rs 20,000 cr

The Finance Ministry has sharply scaled down the estimated income from auctioning 3G spectrum. The Budget estimate for the year 2009-10 pegs revenues from the auction, expected to be held later this year, at Rs 20,000 crore only.

The total income from collecting telecom licence fees, entry fees and spectrum charges from the operators for the year 2009-10 is estimated at Rs 33,335 crore compared with the revised estimate of Rs 13,174 crore during 2008-09.

USO fund
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While the Universal Services Obligation fund has collected nearly Rs 20,000 crore for rolling out telecom services in rural areas, the Finance Ministry has allocated only Rs 1,800 crore for 2009-10.

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