India budget expects $7.95bn from sale of telecom bandwidth next fiscal year
India expects to raise at
least INR400 billion ($7.95 billion) through auctions of bandwidth for
telecommunications services in the next fiscal year that begins April 1, the
federal budget showed Friday.
The expected proceeds will be
key to New Delhi's plans to increase non-tax revenue at a time when slowing
economic expansion is weighing on tax revenue, while expenses are set to grow.
The government plans to auction the bandwidth that several telecom services
providers are expected to vacate following a Supreme Court order that cancelled
their licenses to operate in India.
The court in February cancelled as many as 122
licenses and bandwidth issued in 2008 after finding fault with the allotment
process, and asked the government to re-allot the bandwidth through auctions.
In 2010, India raised about INR1.06 trillion through bandwidth sales--INR677.19
billion on sale of spectrum for third-generation mobile phone services and
another INR385.43 billion for wireless broadband services--compared with
initial estimates of INR350 billion.
India also plans to raise at least INR250 billion each through bandwidth
auctions in the next two financial years, the budget document showed.
Finance Minister Pranab Mukherjee, while presenting the budget, also proposed
to place the capital-intensive fixed-line telecom sector and the telecom tower
segment under the "infrastructure category," which could help companies
in the sector to raise capital at lower interest rates from both the government
and private sector, and pay less tax.
Источник: Total Telecom
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