Vodafone has called the TRAI's recommendations on 2G auction and refarming legally flawed, reports CNBC-TV18’s Malvika Jain.
In a letter to telecom minister Kapil Sibal, Vodafone has called the TRAI's recommendations on 2G auction and refarming legally flawed, reports CNBC-TV18’s Malvika Jain.
Vodafone believes that as far as continuity of license is concerned, that is something that is inbuilt into the policy and license framework. The company has said that there has to be continuity when it comes to the type and quantum of spectrum.
Vodafone’s licenses in 10 circles are up renewal in 2014 along with those of Airtel and Idea . A portion of 900 Mhz of spectrum that has been allocated to them may be refarmed as per the per the TRAIs recommendations.
The company has also trashed the refarming recommendations and said that it alone will have to invest approximately Rs 10,000 crore in case it is allocated spectrum in 1800 Mhz band instead of 900 Mhz band.
The Telecom Commission chairman R Chadrashekhar had mentioned that TRAIs recommendation have been sent back to the regulator for reconsideration. It remains to be seen what the final recommendations will look like.
Watch the accompanying videos for more details..
ADS BY GOOGLE
video of the day
Go for midcaps in cement space, bullish BPCL, IOC: HDFC Sec