Dhaka, March 28 -- The government has indicated that it may offer a conditional price reduction of up to 10 per cent for the upcoming 700MHz spectrum auction to stimulate investment and technological progress in the country's telecommunications sector.

It has also defended the use of a dollar-based pricing benchmark, describing it as a practical and realistic approach.

In response to concerns from global investors regarding the auction criteria for the 700MHz band, the government has provided clarifications addressing key issues.

A letter outlining these points was sent on Tuesday by Faiz Ahmed Tayyab, Special Assistant to the Chief Adviser, who currently oversees the Ministry of Posts, Telecommunications, and Information Technology. ...