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PM holds meet to discuss 2G verdict fallout
Saturday February 11, 2012 03:25:35 PM,
IANS
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New Delhi:
Prime Minister Manmohan Singh Saturday held a crucial meeting with
key cabinet colleagues to discuss the 2G issue in the wake of the
apex court cancelling 122 licences issued during the tenure of
former communications minister A. Raja.
The meeting held at the prime minister's official residence was
attended by union ministers Pranab Mukherjee and Kapil Sibal and
also by Attorney General G.E. Vahanvati. The prime minister has
sought Vahanvati's opinion on the Supreme Court verdict.
The meeting is understood to have discussed the guidelines for the
auction of 2G licences cancelled by the apex court. The meeting is
also believed to have discussed the fallout of the cancellation of
2G licences and its impact on the telecom sector particularly in
context of Norway and Russia voicing concern over investments by
their telecom companies Telenor and Sistema, respectively.
The government has to complete the entire exercise of framing the
guidelines for the auctioning of the cancelled 2G licences and
actually putting them into effect within four months given by the
apex court. The court had permitted the existing licence holders
to continue their operations till the 122 licences are allocated
afresh through auction.
The apex court verdict had held that the first-come-first-serve
policy was flawed and had favoured auctioning of the 2G licences.
The apex court by its Feb 2 verdict has given two months to TRAI
to make fresh recommendations for grant of licence and allocation
of spectrum in 2G band in 22 Service Areas by auction, as was
later done for allocation of spectrum in 3G band.
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