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Unitech gets start-up spectrum for Tamil Nadu

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Press Trust of India New Delhi
Last Updated : Jan 19 2013 | 10:22 PM IST

Department of Telecom (DoT) has alloted 4.4 Mhz of spectrum in 1800Mhz band in Tamil Nadu, including Chennai, the company said in a notice to BSE.

The government in January issued the Letters of Intent (LOIs) to 8 subsidiaries of the Company for issuance of Unified Access Services Licences (UASL) in respect of all the 22 telecom circles across the country.

All the subsidiaries later paid the requisite entry fees of Rs 1,658 crore, financial bank guarantees of Rs 630 crore and performance bank guarantees of Rs 252 crore.

Out of 120 LoI issued to companies in January license agreement has been signed with 16 companies, according to DoT.

Since spectrum is not available in busy circles, the Government has been giving spectrum to new operators wherever it is available to start services.

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