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Deadline of 2G spectrum auction extended to August 31, companies can operate until September 7

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The Supreme Court of India has in a ruling yesterday declined the Government’s plea to allow it, about 400 days for the conduct of the 2G spectrum auction. 

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The court had earlier set June 2 as the deadline to conduct the auction and allot new licences but now this has been extended to August 31 and within this timeframe, the government has to conduct the auction. 


With this the Court has also extended the operation limits of the nine mobile operators whose licenses the court had cancelled and asked them to wrap up operations by June 2. But now these companies can operate until the September 7th, 2012 according to the latest ruling.
 
This move has come as a huge relief for the operators, their employees and even the customers who would get more time to stay with the operators or at least little more time to shift to other alternative. 
 
Back on February 2, 2012, the apex court had cancelled all the 122 licenses of 9 telecom companies that were issued by the then telecom minister, A. Raja who is now serving in jail for a probable spam. 

Via 

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