TRAI set to increase base price for 3G auction

New Delhi, Jul 11 (UNI) Telecom Regulatory Authority of India today said it has agreed to the proposal of Department of Telecommunications (DoT) for hiking the base price for 3G auction.

''We have agreed to the DoT's recommendations that the reserve price should be raised,'' TRAI Chairman Nripendra Mishra told reporters here adding that the all successful 3G bidders will have to match the highest bid.

DoT had proposed to raise the base price for auction to about Rs 2,200 crore.

UNI MP SR DS1412