Union Budget 2024: Govt retains Rs 1.2 trn telecom revenue in FY25

The Centre has kept its non-tax revenue collection estimate from the telecom sector in the current financial year (FY25) unchanged at Rs 1.2 trillion, a figure it estimated in the Interim Budget presented in February. This is 28.5 per cent higher than the government’s revised revenue collection target of Rs 93,541 crore from the sector for FY24.

The unchanged figure for FY25 is despite the latest round of 5G spectrum auction held in June, netting the government Rs 11,340.8 crore. The Centre had kept a reserve price of Rs 96,317.65 crore for the 10523.15 MHz worth of spectrum put to auction.