Telcos not to be impacted by SC 2G spectrum ruling: COAI - Moneycontrol.com

Excerpts from India Business Hour on CNBC-TV18 Watch the full show » The Supreme Court (SC) has directed the government to auction entire spectrum vacated by telcos whose licenses had been cancelled last year. The government had put to auction only 140 blocks of 1800 mhz band spectrum out of 176 vacated by cancelled licensees ( more details) Rajan Mathews, Director General of the Cellular Operators Association of India (COAI), however, feels that there is no immediate impact of the verdict on telcos or on the operations of those that did not participate in the November auctions. Also read: Uninor says it is not affected by today's SC order Moreover, he feels the order throws clarity on the legal options available to telecom companies in the case It really depends again on reserve price that will be set for circles. So immediately, we don't se any impact other than the fact that refarming piece has gone away that is 900 Mhz, so that is a big relief. He further added that the assumption was that any appeal would have gone to the SC because they were aggregating everything. "The SC has now said 'no', it is not part of our order, so you can take it out, you can litigate that, go to court and ask for clarification and place your grievances there. That is good news for us because we will take a good hard look and see what relief if available to us through those legal avenues now," he said. Mathews believes that from a practical perspective there will be no immediate impact because folks like Telenor under the Uninor umbrella, folks like Videocon and others, have principally pulled back their operations or stopped operations in the circle that they had not won on first round of auction. So, as a practical matter very minimal type of impact vis-à-vis operations, he adds. via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNET1Hk1UlRKmr4cWBw7kwISeCdx1Q&url=http://www.moneycontrol.com/news/economy/telcos-not-to-be-impacted-by-sc-2g-spectrum-ruling-coai_826045.html

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