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No consensus on 3G reserve price: Raja

No consensus has been reached between the Department of Telecommunications and the finance ministry on the reserve price for third generation radio waves auction, Communications Minister A Raja said in New Delhi on Tuesday.

business Updated: Jun 16, 2009 20:47 IST

No consensus has been reached between the Department of Telecommunications (DoT) and the finance ministry on the reserve price for third generation (3G) radio waves auction, Communications Minister A Raja said in New Delhi on Tuesday.

Raja, who met Finance Minister Pranab Mukherjee on Tuesday in New Delhi to discuss issues related to 3G spectrum auction, told reporters that the reserve price matter would be discussed with Prime Minister Manmohan Singh.

The final decision will be taken by the Group of Ministers (GoM) and the Cabinet Committee of Economic Affairs, he added.

The DoT plans to auction radio frequencies for the country's 20 of 22 telecom service areas.

The process has been delayed a number of times after the finance ministry suggested that the starting auction price of Rs.2,020 crore be doubled.