The much-awaited radio frequency auction for 3G telecom services is likely to be delayed further and a new timeframe will be notified after the cabinet makes a decision. The government said it is ready to carry out the auctions, it was the industry that wanted it to be deferred on account of the financial slowdown.

Optimistic analysts predict the crisis to end by Q3 of 2009, can the industry wait that long?

Source:
http://siliconindia.com/shownews/Radio_frequency_auction_for_3G_telecom_services_likely_to_be_deferred-nid-51149.html