Cabinet approves cut in reserve price of unsold airwaves – minister – Reuters India

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Sun rises over the telecommunication towers in New Delhi December 22, 2007.
Credit: Reuters/B Mathur/Files

NEW DELHI | Thu Dec 13, 2012 8:03pm IST

NEW DELHI (Reuters) – The cabinet approved a 30 percent cut in the reserve price of mobile phone airwaves in four telecommunication zones, a minister said on Thursday, after carriers shunned last month’s auction in those zones saying the prices were too high.

The cabinet also approved a ministerial panel’s…

Read the original here: Cabinet approves cut in reserve price of unsold airwaves – minister – Reuters India

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