Indian cellcos affected by the Supreme Court’ order to cancel 122 concessions are facing heavy losses as the government delays the upcoming auction of 2G spectrum. As previously noted by CommsUpdate, the Empowered Group of Ministers (EGoM) was due to meet last Thursday to decide on a base price for spectrum, but the meeting was cancelled as the finance minister and presidential hopeful Pranab Mukherjee, who headed the EGoM, was due to step down from his position shortly in the run-up to the presidential election.
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OVETEL Delays hit operators’ wallets
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