The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the auctioning of spectrum in eight different bands for mobile phone services. The base price for this auction is set at Rs 96,317.65 crore. These bands include 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz, and 26 GHz frequencies. The spectrum will be available for a validity period of 20 years, and a total of 10,523.15 MHz is being offered for auction, with an estimated value of Rs. 96,317.65 crore, according to an official statement.
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