Uninor's Norwegian partner Telenor today said it has no regrets on entering the Indian market despite troubles faced by its telecom venture.
An Empowered Group of Ministers, headed by Finance Minister Pranab Mukherjee, will discuss the base price of spectrum, to be auctioned to operators, in its next meet, an official said today.
The government plans to offer 8-11 blocks of spectrum in the 1800 Mhz band in the upcoming auction of airwaves, which will allow at least two new operators to offer telecom services in the country.
Prashant Bhushan, petitioner in the 2G auction case, spoke to CNBC-TV18 that the government agreed with the Supreme Court on the cancellation of the 2G licences.
The DoT will seek legal opinion and views of ministries of finance and external affairs on foreign telecom firms like Sistema and Telenor invoking bilateral treaties to protect their investments in the aftermath of Supreme Court cancelling their licences.
Former Telecom Secretary D S Mathur today told a Delhi court that he did not find the Department of Telecom officially processing some key letters on the 2G spectrum allocation issue, exchanged between Prime Minister Manmohan Singh and erstwhile Telecom Minister A Raja.
Senior advocate Harish Salve stated that the court had to clarify on the timeframe specified for TRAI as the 2G licences are valid only for four months and stressed that the 400-day timeframe was unfeasible.
Concerned over the impact of the recent Supreme Court verdict cancelling 122 2G licences, Norwegian IT Minister Rigmor Aasrud has sought an appointment with her Indian counterpart to discuss the issue as the government braces itself up for diplomatic parleys.
Bankers debate the impact of the 2G verdict on their finances. Check out the discussion.
Telecom Minister Kapil Sibal today contested the claims of former Telecom Secretary Siddhartha Behura over a December, 2007 meeting held regarding entry fees for 2G licences, in which he had said the then Finance Minister P Chidambaram and former Finance Secretary D Subbarao were present.
CNBC-TV18's economic policy editor Siddharth Zarabi who was at the press conference, confirmed that this latest move by the ministry could raise some eyebrows about he details that were set out for spectrum and the competitor number that was talked about.
Companies with 2G licences have made their case for non-cancellation. The telecom firms have filed an affidavit in the Supreme Court stating that the licencees had no role in forming or applying policy and that any remedial action cannot be retrospective, reports CNBC-TV18’s Malvika Jain.