3G Reserve Price Per MHz Put at Rs.3705 Cr

3G reserve price per MHz put at `3,705 crore The Union Cabinet on Wednesday approved a reserve price of Rs 3,705 crore per megahertz (MHz) for third generation (3G) spectrum auction due on March 4, Communications and IT Minister Ravi Shankar Prasad said.

The base price suggested by the panel is around 11 per cent higher than what telecom companies paid for in the 2010 auction.