The Delhi High Court today refused to stay the auction of 3G spectrum which starts from tomorrow and dismissed a petition challenging the process saying objections raised against it were "misconceived".
A Bench headed by acting Chief Justice Madan B Lokur rejected the objections raised by an NGO regarding auctioning of 3G spectrum.
Nine telecom companies are in the final list of bidders for three-four slots of 5MHz of 3G spectrum while there are 11 bidders for two slots of broadband wireless access (BWA). Winners will be able to offer customers high-speed voice and data transfer and multimedia services.
The NGO, Society for Awareness and Development, said in its plea that the government did not follow the guidelines of the regulatory body TRAI and only existing players participated in the process.
The government, on the other hand, contended that the petition was filed with the sole purpose for halting the auction and there were some vested interests behind the filing of the petition.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app