Dhaka, Nov. 25 -- Bangladesh plans to earn Tk 2.37 billion per unit from 700MHz spectrum auction as the government approves the long-awaited financial terms for selling the highly coveted telecommunications backbone.

The Finance Division has endorsed the modus operandi, clearing a major regulatory hurdle and setting the stage for releasing a band long described as the telecoms sector's "golden" goose.

According to an official document issued on November 23, the division endorsed the Ministry of Posts and Telecommunications proposal to set the base price at Tk 2.37 billion per MHz for a 15-year tenure.

Winning bidders must pay 10 per cent upfront, with the remaining 90 per cent payable in nine equal annual installments. The Bangladesh T...