TRAI says consultation paper on spectrum auction "ready" and will be released within the week

Representational image.[/caption]The consultation paper of spectrum auction and pricing is "ready" and the telecom regulator hopes to release it this week, Sharma told reporters on the sidelines of ITU-TRAI Asia Pacific Regulators Roundtable.Earlier this year, the Department of Telecom (DoT) sought Trai's views on spectrum price for various frequencies, including premium airwaves in the 700MHz band which remained unsold in the last auctions in October 2016.During the last auction, the government had put airwaves worth Rs 5.66 lakh crores for sale. In the five-day auction, seven telecom companies made commitments of Rs. 65,789 crores for buying 964.80MHz of spectrum in various frequency bands.Even at the end of the auction, nearly 60 percent of the spectrum remained unsold (in all 2,354.55MHz was placed the block) and spectrum worth Rs. 4 lakh crores in 700MHz band found no takers.The telecom industry has been citing its poor financial health, and falling revenue and profitability to reason that the auctions should be held late next year or early 2019.