The Indian government expects a revenue of Rs.15,000 crore ($3.2 billion) from the auction of airwaves for broadband wireless access (BWA) services which kicked off Monday, Communications minister A. Raja said.
The auction of airwaves for broadband wireless access (BWA) services, which was scheduled to start on Saturday, will now begin on Monday, an official from the Department of Telecommunications (DoT) said in New Delhi on Friday.
Wireless companies saw their stocks jump after the House of Representatives voted to approve a bill freezing state and local taxes on wireless services for five years.
The auction for government broadband wireless access (BWA) services ended Friday, swelling the government exchequer to Rs.38,543.31 crore (over $8.56 billion).
The Indian government's provisional revenue from the sale of airwaves for broadband wireless access (BWA) services Tuesday reached Rs.23,829.18 crore ($5.3 billion) and the pan-India licence price was Rs.7,943.06 crore ($1.7 billion).
India Monday concluded five rounds of an auction of airwaves for broadband wireless access (BWA) services, with the provisional winning price for a nation-wide licence reaching Rs.2,353.18 crore.