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Budget: Telecom sector revenue at Rs.29,648.cr

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CIOL Bureau
New Update

NEW DELHI, INDIA: The government expects to raise Rs.29,648.33 crore (Rs.296.48 billion) through recurring licence fees and other usage charges from the telecom sector, according to the general budget for 2011-12 tabled by Finance Minister Pranab Mukherjee Monday.

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The usage charges include licence fees from the telecom operators, receipts on account of spectrum usage charges and auction of third generation (3G) and broadband wireless access (BWA) spectrum .

As per the last budget, the government estimated accruals worth Rs.49,799.55 crore by auctioning spectrum for 3G and BWA access services. But it ended up raking a bounty of Rs.1.08 lakh crore through these auctions in 2010-11.

While the revenue from the auction of 3G spectrum stood at Rs.65,000 crore as against the expected Rs.35,000 crore, the BWA spectrum fetched the government over Rs.38,000 crore.

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