Expedite spectrum auction as delay will hurt exchequer: Jio
Telecom major Reliance Jio has questioned the telecom department’s rationale to pause the policy of spectrum auction every year and demanded that the sale of airwaves should be held at the earliest to meet the demand for data services in the country.
Mukesh Ambani-led Jio in a letter dated September 28 to Telecom Secretary Anshu Prakash said the “nation building policies should not be kept hostage to vested interest” of few operators and delay in auction is hurting the national exchequer as well as making investors jittery as perceived against the principle of ease of doing business.
“We are unable to find any reasonable rationale behind this sudden pause in a successful and fruitful policy of auctioning all available spectrum every year, since the Hon’ble Supreme Court decision in 2012,” Reliance Jio said in the letter.
Spectrum auctions were held every year after the apex court order in the 2G case in 2012 and the last was held in the year 2016.