India’s Department of Telecommunications (DoT) set a lower revenue target for a planned spectrum auction in March, because local carriers have enough frequencies and will chiefly focus on renewing their existing frequencies in regions where they are expiring, according to local press reports.
According to the reports, the DoT expects the sale of spectrum in eight bands to generate INR20 billion ($240.5 million) to INR30 billion.
Indian newspaper Financial Express said the DoT previously estimated the auction would raise INR80 billion to INR90 billion.
