Being accused for 15 months, a long period of passing in jail in 2G spectrum allocation scam case, Former telecom minister A Raja, on Tuesday ready to walk on the street of public as special Central Bureau of Investigation (CBI) court granted his bail and after few hours freed him from Tihar Jail.
CBI court’s judge O P Saini granted bail of Raja on a surety of Rs 25 lakh and would not try to influence any witnesses while on bail. Along with this, court also restricted his entry in Tamil Nadu without court’s permission and also directed not to visit the office of the Department of Telecom (DoT).
Highlighting the controversial spectrum issue, a meeting is likely to be held by four top profile telecom companies’ executives with Telecom Minister Kapil Sibal on Wednesday, discussing the proposal recommendations of TRAI in spectrum auction.
The chiefs of Bharti Airtel, Vodafone, Idea Cellular and Telenor, are to be presented in the meeting to put their concerns in front of R Chandrashekhar, secretary, Department of Telecommunications (DoT),
Trai’s auction proposal that already faced refusal from the five top telecom companies is now opposed by a great disapproval from side of Norway’s Telenor that has showed it recently by written downing its 3.9 billion Norwegian crowns ($680.9 million) assets in India.
The company’s downing decision is forthcoming step to exit from Indian market if the government approved Trai’s proposal to hike reserved price upto to 13 times the price used in 2008.
Before taking any steps regarding the auction of 2G spectrum, it should analyze the views of stakeholders, the Telecom Regulatory Authority of India (TRAI) said on Wednesday in form of issuing consultation paper on auction scheme.
Announcing its decision, TRAI said, “On the basis of the comments received from the stakeholders on the pre-consultation paper and considering the international practices, the draft Consultation paper on “Auction of Spectrum” has been prepared.”
However on basis of Supreme Court’s order over judgment of cancellation of all 122 licences under 2008 allotment of 2G scam, TRAI had issued a pre-consultation paper on February 2012, on the issue of allocation of spectrum in 2G band in 22 Service Areas by auction.
Recently Government announced the auction of 2G spectrums that will be around on March 2013 and for sought out a June 2 deadline when Supreme Court judgement to cancel 122 licenses will stand quashed, government moved the Supreme Court on Thursday.
Last month, the Supreme Court directed on its landmark judgement to cancel 122 telecommunications licences awarded to companies in 2008 and said, they would need to transfer to other operators within the next four months.
But the Government says that it will take at least 400 days to complete a fresh auction of licences that will put impact over more than 69 million of the 900 million Indian subscribers.