Cap on spectrum bid removed

NEW DELHI: An empowered group of ministers tasked with mapping out the details of spectrum auction Friday decided to remove the cap on the quantum of spectrum that an operator can bid in the upcoming auctions. This will allow service providers to bid for as much spectrum they may require.

The EGoM headed by FM P Chidambaram also sealed March 11 as the date for holding the second round of auction.

The DoT issued auction guidelines in the notice inviting application which had said that the minimum and maximum number of blocks could be changed depending on approval from the government.