Business | Tue Apr 24, 2012 3:17pm IST

SC grants more time for 2G licence cancellation

NEW DELHI (Reuters) - The Supreme Court on Tuesday asked the government to conduct an auction of 2G radio spectrum by August 31, giving more time to companies whose licences are set to be revoked after the court's ruling in February.

The Supreme Court said the companies whose licences are to be cancelled can operate until September 7.

The court had earlier ordered 122 permits granted to eight operators in a scandal-tainted 2008 sale be revoked in early June and asked the government to redistribute radio airwaves through an open bidding process.

(Reporting by Suchitra Mohanty)

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