Empowered Group of Ministers To Seek Extension of August 31 Deadline

By August 7th, 2012 AT 6:18 PM

Empowered Group of Ministers To Seek Extension of August 31 DeadlineThe Empowered Group of Ministers on telecom will approach the Supreme Court to seek the extension of August 31 deadline to complete the auction of 2G airwaves and would look at starting the auction process by November.

After cancelling 122 telecom licences in February the Supreme Court had asked the Government to complete the 2G spectrum auction by August 31. It had extended the validity of quashed licences till September 7.

The spectrum auction is crucial for companies such as Sistema Shyam, Uninor and Videocon to win the auction for being able to continue the operations.

Sibal said the Government will file an interim application before the court and request it to consider the facts as stated in the application.

“Auctioneer has given us schedule we will approach the Supreme Court to place before them the fact what the Government has done. Also, place before them that in terms of this schedule, it is not possible to conduct the auction by August 31,” Telecom Minister Kapil Sibal said after the Empowered Group of Ministers meet.

The Empowered Group of Ministers, headed by Finance Minister P. Chidambaram, discussed the sale at a meeting in New Delhi today.

“As you know, licences have been extended till September 7. So we will go back to the Supreme Court with an interim application and request to consider the fact as stated in the application,” Sibal added.

Last week, the government has set a reserve price of Rs 14,000 crore for the proposed auction of 2G spectrum, which is at the lower end of the band recommended by the group of ministers on telecom and much lower than the price set by telecom regulator.

A Happy Geek and a Network Research Engineer with a really cool day job…

7
Leave a Reply

avatar
Photo and Image Files
 
 
 
7 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
7 Comment authors
sAmSHIVArkaSudhakarAsit Paul Recent comment authors
newest oldest most voted
sAm
sAm

Hope SC doesn’t allow !!

SHIV
SHIV

2G AUCTION is of 1800mhz at base price 14000 crore than wht about 900mhz spectrum?

Recent Posts

Xiaomi Mi LED TV 4A Pro 43-inch Review: Android TV, Chromecast and Much More on Budget

Xiaomi’s products have taken the Indian market by storm. When it comes to smartphones, there is no other company which...

Huawei Mate X Foldable Phone to Reach Indian Market by the End of 2019

Premium smartphone maker Huawei on Wednesday said it would launch its foldable 5G smartphone ‘Mate X‘ in India in 2019....

Xiaomi Redmi Note 7 Pro, Redmi Note 7 MIUI Beta Testing Programme Announced in India

The Xiaomi Redmi Note 7 and the Redmi Note 7 Pro was launched in India last month. Both the phones...