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India budget expects $7.95bn from sale of telecom bandwidth next fiscal year

19 марта 2012

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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