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Reduction In Spectrum Price Welcome: Prashant Singhal

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September 10: TRAI’s recommendations have promised refarming but a big cut in spectrum prices has raised hopes in the telecom sector. Ernst & Young Global’s Prashant Singhal says the reduction in reserve price is welcome as it makes the price more realistic. We should see good auctions at these prices with adequate participation, he says, adding that tariffs are bound to go up in the sector.