Telecom firms pitch for auction of 2G spectrum

Top telecom honchos who met Prime Minister Manmohan Singh and finance minister Pranab Mukherjee, besides five other key economic policy makers in the government late yesterday, made a strong pitch for auctioning of 2G spectrum. They rejected an earlier formula suggested by a panel of the Telecom Regulatory Authority of India (Trai) that had linked it with the price reached at on the basis of 3G spectrum auction.

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