The government s application, not seeking to alter the 2012 Supreme Court order on auctioning frequencies, was rejected by the registrar. The application was deemed impermissible due to a past withdrawn review petition and misconceived attempt to seek clarifications.
Spectrum Auction: The registrar said the government was seeking a review of the 2012 order "in the guise" of seeking clarifications and said the move was "misconceived", adding that there was no "reasonable cause" for entertaining the plea and that too after a lengthy period of time.
Spectrum Allocation: The Supreme Court registrar last week didn’t accept the government’s plea for allowing the administrative allocation of spectrum in some special cases.
Through the FPO, Vodafone Idea has put concerns of its survival and competitiveness away but it s not viable yet, as per a Ambit Capital report. A significant rise in mobile tariffs will be necessary following the fundraising to help Vodafone Idea in navigating the present crisis seamlessly.
Aditya Birla Group (ABG) chairman Kumar Mangalam Birla on Thursday said Vodafone Idea (Vi) is a national asset and its successful ₹18,000 crore follow-on public offer (FPO) sets the stage for the cash-strapped telcos financial turnaround and start of Vi 2.0.