The Empowered Group of Ministers headed by Home Minister P Chidambaram today decided to recommend to the Cabinet a lower than sector regulator TRAI- proposed reserve price for auction of spectrum. The reconstituted EGoM, which met for the second time this week, firmed up its views on key issues like reserve price, spectrum usage charge and terms of payment. The same are being sent to the Union Cabinet headed by Prime Minister Manmohan Singh for a decision, Telecom Minister Kapil Sibal said after a two-and-half-hour long meeting.

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