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Value Of Spectrum Is Never Absolute: TRAI

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September 18: TRAI Chairman Rahul Khullar says spectrum will always fetch different prices at different times. TRAI has taken a different approach to spectrum pricing, where we viewed India as 22 sub-markets, he says, adding that it used multiple models to find the value of spectrum in each zone. Getting the reserve price wrong can jeopardise the entire auction, he says and points out that the 'notional loss' concept was flawed.