- Pak beheads Indian soldiers: Manish Tewari says 'Center doing everything to express anger at strategic level'Learn from history of Nazi Germany: Congress minister Manish Tewari to Narendra Modi-'loving' India IncLook forward to Rahul Gandhi leading Cong in LS polls: Manish TiwariSoldier's beheading: Govt cautions against 'jingoism' as BJP demands tough action
as there was no bidder for it in November 2012 auction.
"Option of 50 per cent reduction was placed before the Cabinet as there is apprehension that at 30 per cent reduction there might be no bidder for it (CDMA)," an official had said.
Earlier, the government had fixed 11-time high base price for CDMA spectrum, compared to the amount paid by operators in 2008, for November auction.
GSM operators body COAI said that the Cabinet decision to reduce CDMA spectrum price will create unlevel playing field in the industry.
"Whole pricing rational is broken down completely and create unlevel playing field becuase now a person who has got 800 Mhz offering CDMA service can definitely under price on the GSM side," COAI Director General Rajan S Mathews said.
He said that GSM players will closely watch hearing of 2G spectrum on February 4 and "if the Supreme Court suo-moto takes congnizance and raises the issue, it will be good. If not, we will definitely be considering that."
The proposed auction plan is expected to fetch government minimum of Rs 45,000 crore.
But Sibal said "market will decide how much revenue we will get."
The Supreme Court has allowed telecom operators, whose 2G licences were cancelled last year, to operate till February 4 when it will hear the 2G spectrum case.