Wireless Spectrum prices in India peaked with the 3G auction [2100 MHz] at Rs 33,501m/Mhz (pan- India), driven largely by policy uncertainty around license renewals and future availability. Telecom Spectrum costs since then are rapidly falling and stand at Rs 23,786m/Mhz (pan-India) for the 1800Mhz band. They are likely to fall further since auctions have failed in key markets, which would necessitate a further reduction in reserve prices.
The government is obligated to auction the entire spectrum