Meeting on spectrum auction deferred again
Hindustan Unilever cut its advertising spending to Rs 2,635 crore in 2011-12 against Rs 2,764 crore in 2010-11.
The meeting of the empowered group of ministers on telecom to decide on the price for spectrum auction has been deferred once again.
The meeting was to be held today evening. No new date for the meeting has been announced. Union minister Sharad Pawar was to chair the meeting.
This is the second time the meeting has been deferred. Today’s date had been arrived at after a deferment on June 21.
The panel is slated to discuss crucial issues of high spectrum price recommended by sector regulator TRAI, payment terms and network roll-out obligations for auction of airwaves due before August 31.
Sector regulator Telecom Regulatory Authority of India has recommended an auction start price of Rs 3,622 crore per MHz of airwaves frequency which amounts to over Rs 18,000 crore for pan-India business of new companies or companies whose licences were cancelled by Supreme Court on February 2.