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NEW DELHI: India’s biggest auction of telecom spectrum started on Saturday morning with seven operators in fray for a total of 2,354.55 MHz across seven bands, towards which a reserve price of Rs 5.66 lakh crore ($85 billion) has been fixed by the government.
The auction is central to the government realising the revenue target of Rs 98,994.93 crore that has been provided for in the budget against ‘other communications services’ — the bulk of which is scheduled from the fee paid for spectrum.
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