The Supreme Court has ordered the auction of entire spectrum that was vacated by 122 2G telecom licences that court had cancelled on 2 February 2012
The government will conduct the third round of 2G GSM spectrum auction immediately after the bidding for the radiowaves ends in March in compliance with last week’s Supreme Court order.
In the ensuing auction, the government will put up the spectrum that was left unsold in the November round of bidding. Once that is over, the government will start auction of the radiowaves that were freed up after the cancellation of telecom licences last year but were not put on auction in the last round.
“We will put all the spectrum in the 18 circles which was not auctioned in November for auction immediately after this (March auction) is done,” telecom secretary R Chandrashekhar said.
The Supreme Court has ordered the auction of entire spectrum that was vacated by 122 2G telecom licences that court had cancelled on 2 February 2012.
As a result of the cancellation of licences, 514.8 Mhz of spectrum was freed up, but the government only kept 271.25 Mhz of spectrum for auction in November 2012.
Last week, on 15th February, the apex court directed the government to auction “entire spectrum released as a result of quashing of the licences on 2 February 2012... without further delay”.
Chandrashekhar said that Department of Telecom ( DoT) is considering to increase the quantum of spectrum in Karnataka and Rajasthan cirlces for which auction is scheduled to start from 11th March to comply with apex court order.
The government has announced auction of 10 MHz each in Karnataka and Rajasthan, but spectrum freed from cancellation of licences in these circles was 22 Mhz and 17.6 Mhz.
“As far as Delhi and Mumbai are concerned, the quantum of spectrum is already compliant with the Supreme Court order of 15th February,” Chandrashekhar said.
He said all spectrum which was released by cancellation of CDMA licences (800 MHz band) has been already put up for auction.
The government has announced that it will auction 15 MHz of radiowaves each in Delhi and Mumbai in the 1800 Mhz band, currently used for 2G GSM services, whereas 4.4 Mhz and 13.2 Mhz was released through quashed permits respectively.
The telecom secretary said that apart from increase in quantum of spectrum, there is no change expected in March auction.
A probe by SEBI revealed Balwinder Singh had indulged in executing wash trade/self trades/fictitious trades in the scrip of the company from 1 August 2010 to 31 August 2011
The Securities and Exchange Board of India (SEBI) on Monday imposed a penalty of Rs10 lakh on an individual for alleged fraudulent dealings in shares of Ind-Swift Laboratories.
The market watchdog slapped a fine of Rs10 lakh on one Balwinder Singh and said that the penalty is “commensurate with the violations committed by him”.
“...It is established beyond doubt that the noticee had indulged into wash trade/self-trades/fictitious trades which are manipulative/unfair/fraudulent in nature,” SEBI said in an order.
A probe by SEBI into the alleged irregularities in the trading in shares of Ind-Swift Laboratories revealed Singh had indulged in executing wash trade/self trades/fictitious trades in the scrip of the company from 1 August 2010 to 31 August 2011.
These trades, the regulator, said were in violation of the norms on prohibition of fraudulent and unfair trade practices.
The regulator said that Singh is the proprietor of Gogia Investments, a registered sub-broker of Kotak Securities at NSE and BSE.
According to SEBI, Singh had traded in the scrip of Ind-Swift Laboratories through three different brokers including Kotak Securities at both BSE and NSE.
The internet service provider licence holders who hold BWA spectrum, if they wish to provide mobile services using that spectrum, then an additional fee of Rs1,658 crore will be levied for migration to Unified Licences,” Telecom Commission chairman and telecom secretary R Chandrashekhar said
Inter-ministerial body, Telecom Commission (TC), on Monday approved provision for companies holding internet services licences with spectrum to provide phone call service by paying additional fee of Rs1,658 crore each.
“The Commission broadly endorsed recommendation of the DoT (Department of Telecommunications) committee with regard to Unified Licensing regime... The ISP (internet service provider) licence holders who hold BWA spectrum if they wish to provide using that spectrum then an additional fee of Rs1,658 crore will be levied for migration to Unified Licences (UL),” TC chairman and telecom secretary R Chandrashekhar told reporters.
The framework for new licences will be ready by end of this financial year, he added.
In 2010, six private players—RJI, formerly Infotel Broadband, Bharti Airtel, Aircel, Qualcomm, Tikona Digital and Augere—had won BWA spectrum.
Bharti Airtel and Aircel have unified access services licence under which they are allowed to provide phone call services both on fixed as well as landline. Other companies were given Internet Service Provider (ISP) licence that has restrictions on providing phone call services across networks.
The additional amount of Rs1,658 crore was charged from telecom players till 2008 for providing mobile telephony.
The licence issued to mobile telephony operators for Rs1,658 crore had 4.4 Mhz spectrum bundled with it but government has announced providing no spectrum with UL. The current value of the quantum of spectrum allocated under old licences has increased around seven times.
“UL does not include any spectrum. Grant of UL including migration to UL does not include any spectrum,” Mr Chandrashekhar said.
The TC, however, deferred decision on bringing telecom tower companies, called IP-1, under licences.
“Issue of IP-1 operators under UL regime was deferred and it was decided that this required further study of certain aspects,” Mr Chandrashekhar said.
Companies like Bharti Infratel, GTL Infrastructure and Indus Towers are involved in IP-1 business. The DoT committee had recommended bringing IP-1 companies under licence regime.
Telecom regulator TRAI has recommended a charge of 8% licence fee to IP-1 companies once they are brought under licences.
For companies who wish to continue to “provide limited services like only internet services under cafeteria approach they can do so with a lower entry fee which will be same as present,” the telecom secretary said.
The TC also endorsed around Rs3,000 crore support for mobile services in the left-wing extremist affected areas through Universal Service Obligation Fund for a period of five years.
“This proposal will have to be finally approved by the Cabinet,” Mr Chandrashekhar added.