3G auction won’t be delayed by global meltdown: Minister

October 15th, 2008 - 1:14 pm ICT by IANS  

New Delhi, Oct 15 (IANS) Auction of 3G spectrum for telecommunications operators is on schedule and will not be delayed on account of a funds crunch following the global meltdown, the government said here Wednesday.“We are not delaying the 3G auction process as of now,” Minister for Telecommunication A. Raja told reporters on the sidelines of a conference. “We are looking at the liquidity crunch in the market, we will discuss the matter with the finance minister.”

Emphasising that “no changes have been planned”, Raja added: “The timeline remains the same”.

The third-generation or 3G spectrum is scheduled to be auctioned by December-end.

Responding to media reports that spectrum winners may get to pay the bid price in instalments, the minister said: “There has been no dilution of law, and I will speak to the prime minister about this.”

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