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Telecom stocks next week will eye the meeting of the Empowered Group of Ministers, which will decide the schedule and the modalities for the third round of spectrum auction. The ministerial panel, headed by Finance Minister P. Chidambaram, is expected to meet on Wednesday and will also mull the contentious issue of spectrum pricing. The government is scheduled to conduct the third round of spectrum auction in coming months. This may include the auction of the 900 MHz bandwidth along with the auction of spectrum in 1,800 MHz bandwidth. Telecom operators would eagerly await the outcome of the meeting, as the high reserve price set by the government was the major reason for the lackluster performance of the auctions held in November and March.
Telecom stocks next week will eye the meeting of the Empowered Group of Ministers, which will decide the schedule and the modalities for the third round of spectrum auction. The ministerial panel, headed by Finance Minister P. Chidambaram, is expected to meet on Wednesday and will also mull the contentious issue of spectrum pricing. The government is scheduled to conduct the third round of spectrum auction in coming months. This may include the auction of the 900 MHz bandwidth along with the auction of spectrum in 1,800 MHz bandwidth. Telecom operators would eagerly await the outcome of the meeting, as the high reserve price set by the government was the major reason for the lackluster performance of the auctions held in November and March.
