Top executives of four telecom companies met communications and IT minister Kapil Sibal on Wednesday to express their reservations on the recommendations of the Telecom Regulatory Authority of India (TRAI) on spectrum auctions.
Chairman of Bharti Airtel Sunil Mittal, chairman of Aditya Birla group Kumar Mangalam Birla, chief executive of Vodafone Group Vittorio Colao, and chief executive officer of Telenor, Jon Fredrik Baksaas, met the minister at his residence.
They said that the reserve price of the spectrum proposed by the TRAI is very high. They were also against the liberalisation and reframing of spectrum.
“It is the government alone that carries political responsibility and therefore the final say on policy,” said Baksaas. “We urge the Indian government to take its rightful political initiative now. This is the time to ensure that the policy made for the telecom license auctions allows affordability, competition and investments to remain in India.”