The government has postponed the auction of mobile phone spectrum through which it is expected to raise $10 billion until March 4.
New Delhi: The government has postponed the auction of mobile phone spectrum through which it is expected to raise $10 billion until March 4, according to a government notice on Tuesday.
The auction was slated to start on February 25.
The last date of submission of applications by Indian mobile operators has also been moved to Feb 16 from February 6, according to a revised auction timetable posted on the Department of Telecommunications' website.
The auction is crucial for the government to meet its ambitious fiscal deficit target of 4.1 per cent of gross domestic product for the year to March 31, 2015.
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