Cellcos left waiting for spectrum price decision

22 Jun 2012

Yesterday’s meeting of the Empowered Group of Ministers (EGoM) due to make a decision on the controversial base prices for spectrum has been postponed, reports the Economic Times. The meeting of the EGoM, which is headed by finance minister and presidential candidate Pranab Mukherjee, was reportedly cancelled by the finance minister’s office though it was not made clear whether the EGoM would reconvene before Pranab steps down from his office on June 24. The deferment of the crucial decision has raised concerns that the government will fall short of its 31 August deadline for reauctioning the licences cancelled by the Supreme Court earlier this year.