Commenting on the Supreme Court?s verdict in the 2G spectrum case, the cellular Operators Association of India (COAI) says, ?The COAI respects the Supreme Court?s decision as we have always stood by the principle of spectrum pricing via fair market-price based auction. We find it unfortunate that the large investments made by many operators in network, services, staffing and training are now in jeopardy for no apparent fault of theirs.?
?It is imperative that the executive is sensitive to these issues and ensures that the misdeeds of a few are not visited on the many. This is vital to ensure the financial health, sustainability and growth of an industry which is critical to the growth of the nation and the wellbeing of its citizens.?
?We are hopeful that a balanced approach will be adopted by the government, keeping in view the interests of the consumers, suppliers as well as the investor community. We will examine the ruling in detail to understand its implications and are committed to working closely with the government to ensure that the interests of the customers and the investors in the industry are protected.?
