DoT sets eligibility criteria for spectrum auctions

MUMBAI: The DoT, in the notice inviting applications (NIA) for the spectrum auctions has set the net worth eligibility for bidders at Rs 100 crore per License Service Area (LSA) with the exceptions being Jammu and Kashmir and North East Service Areas where the net worth criteria is Rs 50 crore.

Additionally, there is a lock-in period of 1 year from the date defined in the NIA for equity of a person whose share capital is 10% or more in the bidding entity on the date of submission of application and whose net worth has been taken into consideration for determining the eligibility for bidding for spectrum.