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Centre to seek SC approval to start 2G auction by Nov 12

08 Aug 2012 Evaluate

The government has decided to seek approval from Supreme Court (SC) to extend the deadline for auction of second-generation spectrum from August 31 to November 12, 2012 and assigning of frequencies of spectrum to successful bidders by January 30, 2013.

The Empowered Group of Ministers (EGoM), headed by finance minister P Chidambaram, had decided to extend the date to November due to difficulties in completing the auction process in stipulated time. Pursuant to which, the government may ask the SC time till November to begin the auction. However, the SC had earlier ordered that the auction of the spectrum must be completed by August 31.

As per the new schedule, the new licence structure will be finalized by October 1, 2012, and submission of application will start on October 2. And the list of applicants will be finalized on November 6 and mock auction will be held on November 8.

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