New Delhi, April 30 (IANS): The Telecom Commission on Saturday decided to go ahead with the sector regulator's recommendations base price for all spectrum, including 700 MHz band airwave, in the upcoming auction, according to an official source.

Going by the base price recommended by the Telecom Regulatory Authority of India (TRAI), and the quantum that will be auctioned, the mop-up expected to be some Rs.560,000 crore, or a whopping $83 billion, payable over the tenure of the contract.

In the Delhi circle, TRAI has recommended Rs.1,595 crore for 700 MHz band, Rs.848 crore for 800 MHz, Rs.673 crore for 900 MHz, Rs.399 crore for 1,800 MHz, Rs.554 crore for 2,100 MHz, and Rs.143 crore for 2,300 MHz and 2,500 MHz.

The inter-ministerial panel has favoured that telecom companies who will win spectrum in higher frequency bands should make 50 percent upfront payment and rest over 10 years after a two-year moratorium. 

Earlier, companies had option to make 33 percent upfront payment.