India on Thursday halved the reserve price for CDMA airwaves in the 800 MHz band in a bid to salvage the sale of these airwaves , but the lone mobile phone company that is tipped to participate in the upcoming sale process for this frequency band said it had expected a steeper cut.
Sistema Shyam Teleservices (SSTL ) that offers mobile and data services under the MTS brand said that the government's move was 'in the right direction' as it had realised the limited demand for the technology .
"However , as per ground realities one would have expected much greater reduction ," a spokesperson from the telco added . The Cabinet Committee on Economic Affairs , headed by Prime Minister Manmohan Singh , reduced the reserve price of five units of CDMA airwaves (5 MHz) to . 9,100 crore from . 18 ,200 crore , telecom minister Kapil Sibal said .
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