Our coverage of the 2G Auctions is brought to you by OnMobile Global, India’s leading Mobile Value Added Services [VAS] company Update: The Union Cabinet has approved the revised 5% spectrum usage charges for the 2G spectrum auction scheduled today, reports PTI. Last week, the empowered group of ministers (EGoM) had reduced the spectrum usage charges to a fixed 5% of the telco’s annual gross revenues, so as to increase the participation in the 2G auction. Cabinet also mentioned that telcos who do not bid and acquire spectrum in the auction will continue to be charge at existing rates which varies from 3% to 8%. Earlier: The Indian Supreme Court has rejected Airtel, Vodafone and Idea Cellular's plea to cancel or postpone the 2G spectrum auctions in 900MHz band, scheduled for today, in an urgent special hearing yesterday, reports The Economic Times. It has…
