Spectrum mortgage pact still in limbo

The important issue of mortgage of spectrum to banks for the purpose of raising funds still remains unresolved as the communications and IT ministries have not finalised the terms of an agreement.

The important issue of mortgage of spectrum to banks for the purpose of raising funds still remains unresolved as the communications and IT ministries have not finalised the terms of an agreement.

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Sources said the finance ministry wants that the spectrum to be assigned in the name of lenders so that they can sell it in case the operators default on payments. Communications ministry, however, has not agreed to it.