The Supreme Court has extended the deadline for the auction of 2G licenses which were cancelled by it, from June to 31st August 2012. The Supreme Court also refused to grant 400 days to the Government to complete the process of fresh auctioning of the 2G spectrum and licenses but extended the deadline for it from June 2 to August 31, 2012.
The court also extended the validity of the 122 cancelled licenses till September 7, 2012. This means the operators can continue their services till then.
The authority has recommended a reserve price of Rs 3,622.18 crore per MHz in 1800 MHz band, Rs 7244 crore in 800 and 900 MHz band, and Rs 14,000 crore in 700 MHz band for spectrum auctions. It has also recommended reframing of spectrum in the 900 MHz band, which is more cost effective for telcos.