As a major setback on 2G spectrum allocation, the Supreme Court has allowed to operate only those telecom operators who successful in availing fresh 2G auction in November from among those that lost licences last year, reports said. Read more
Tag: 2G Auction
Ex-CAG official denied 2G report, says it’s not mine
Hitting a twist in 2G scam, the author of the 2G CAG’s report that estimated presumptive loss of Rs. 1.76 lakh crore, has came in front of media and said that it is not his report as his report not contain with any loss , he was just told to sign on it.
“After completing the audit of ministry of telecom, which was under my direct charge, I prepared a draft audit report covering each and every aspect … My report did not contain any loss figure,” former director general of Comptroller and Auditor General, RP Singh said.
He also claimed that there were Rs. 37,000 crore recovering from those holding excess spectrum which he had mentioned in his report. Read more
Cabinet begins 2G telecom spectrum auction today
Today will be the starting of bidding auction of 2G spectrum as the Cabinet is going to gain Rs.40,000 crore from auction for telecom spectrum get relief from cancellation of 122 telecom licences by the Supreme Court in February.
The bidding process belongs to major 8 companies-Uninor, Loop Telecom, Sistema Shyam, Idea Cellular including Spice Communications, Videocon, Etisalat DB formerly Swan Telecom , S-Tel and Tata Teleservices, is reported to be started today. Read more
Tata Tele exit, no bidder for CDMA auction
Videocon withdrawal from CDMA upcoming cellphone airwaves auction left Indian government with loss as no bidder for auction after Tata Teleservices also has drop out its application from the 800MHz band bidding auction process due to having huge cost.
“Now there is no bidder left for CDMA. We will have to take a call on what to do,” government official told media persons. Read more
