Spectrum qualifies for the infrastructure criteria, says a recent discussion note. "Therefore, it may be added in the harmonised master list of infrastructure."
The development comes in the wake of repeated requests from telecom operators who have acquired spectrum from auctions in the past.
The government had earlier said that spectrum being government property, it cannot be used as an asset for raising funds.
The Cabinet Committee had in May 2012 approved the harmonised master list of infrastructure in order to facilitate a coordinated approach among agencies providing support to infrastructure.