New Delhi: The first meeting of the reconstituted Empowered Group of Ministers on spectrum pricing will take place on July 12. The meeting is scheduled to take place in the South Block office of Defence Minister A K Antony, who is part of the seven-member committee which is headed by Home Minister P Chidambaram.

Sources said the meeting has been scheduled in Antony's office in deference to his seniority. The meeting is to decide to matters related to auction of airwaves for telecom services due before August 31.

It has been given additional task by the Cabinet of taking a view on the contentious issue of one-time spectrum charge that has to be imposed on telecom companies whose permits were not cancelled by the Supreme Court.

The EGoM on telecom has not met since June 5, after Pranab Mukherjee, who was heading it, resigned as Finance Minister to contest the Presidential elections.

Pawar was named as the new Chairman of the ministerial panel and a meeting fixed for July 2. But he later recused himself from the chairing the group fearing controversies.

The EGoM in its last meeting on June 5 had finalized broad modalities for auction of spectrum including the schedule and the quantum of airwaves to be sold, but there was no decision on reserve price, terms of payment and annual spectrum usage charges.


Latest News from Business News Desk