NEW DELHI: The reserve price for 1800 MHz band has been fixed for Rs 1,765 crore per MHz Pan India, which works out to be Rs 8,825 crore for 5 MHz Pan India.

The Union Cabinet has approved the finalisation of the reserve price for auction of spectrum in 1800 MHz band for all service areas and for 900 MHz band in Metro service areas of Delhi, Mumbai and Kolkata.

According to the recommendation of the Empowered Group of Ministers, the reserve price for 900 MHz band of Rs 360 crore, Rs 328 crore and Rs. 125 crore per MHz in Metro service areas of Delhi, Mumbai and Kolkata respectively.

The decisions will result in further efficient utilisation of the scarce natural resource of spectrum facilitating expansion of telecom services in the country.