DoT scraps FBG requirement for annual spectrum instalment; notifies spectrum reforms

In line with its bold reform agenda for telecom, the government on Tuesday notified that for future spectrum auctions, the need for submission of financial bank guarantee (FBG) to securitise annual spectrum instalment has been done away with. Spelling out other modalities around spectrum allocation, the telecom department also said it would appropriately address the eligibility conditions for participation in the auction so that participants have sufficient financial capacity.