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Apex Court extends deadline for 2G Auction

, August 28, 2012, 0 Comments

Supreme Court agreed to fix a new deadline for conducting the auction. The apex court has directed the Government that it should complete the auction by January 11, 2013.

Aspiring telecom operaters that want to participate in the upcoming spectrum auction will have to apply by October 19, 2011.

The base price for pan-India spectrum is Rs 14,000 crore for the 1800 Mhz band and 1.3 times that for the 800 Mhz band.

Today’s extension has been a major relief for government as new deadline is adequately timed. Government is conducting fresh auction of 122 licenses cancelled by Apex court after a huge controversy is being broken out in public over the manner in which license were allotted by former telecom minister A. Raja.