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Telecoms that didn't take part in fresh 2G auction will cease to operate: SC

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Telecoms that didnt take part in fresh 2G auction will cease to operate: SC
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New Delhi: Telecom firms whose licences were cancelled and didn't participate in fresh auction for 2G spectrum will cease to operate forthwith, the Supreme Court ruled on Friday.

Telecom firms which continued operation after cancellation of licences will pay fee as per reserved price fixed for fresh auction in Nov 2012, the apex court ordered.

The Supreme Court clarified that its February 2, 2012 order cancelling licences will not be applicable on telecom firms holding 900 MHZ band spectrum.

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