NEW DELHI, Oct 8 (Reuters) - India expects to raise at least270 billion rupees ($5.20 billion) by charging mobile phonecarriers a fee for their existing second-generation airwaveholdings based on a price to be determined by an upcomingauction, senior government sources said on Monday.
The move will affect older carriers including Bharti AirtelLtd and Vodafone's Indian unit that are nothit by a Supreme Court order to revoke permits in ascandal-tainted 2008 sale and are not required to bid in theauction.
A ministerial panel recommended to the federal cabinet thatGSM-based carriers be asked to pay for airwaves beyond 4.4 megahertz, while CDMA-based carriers pay for holdings beyond 2.5mega hertz at the auction-determined price for the remainingvalidity of their licence periods, the sources who declined tobe named said.
The cabinet has the final say on the fees.($1 = 51.8850 Indian rupees)
(Reporting by Devidutta Tripathy; Editing by Anand Basu)
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Keywords: TELECOM INDIA/AIRWAVES