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: Sistema
Mnamohan Singh holds meet to consider action on 2G verdict
In January 2012 Supreme Court scrapped 122 telecom licences issued in 2G scam 2008.
But Court’s order is dealing with quitting situation by foreign companies from India. Telnor and Bahrain Telecommunications Co (Batelco) has already sold its share and exit from market.
To reviewing the Court’s order, Prime Minister Manmohan Singh held a meeting with Finance Minister Pranab Mukherjee, Communications Minister Kapil Sibal and Attorney General GE Vahanvati on Saturday at his residence.
In this met, they together for defining ones opinions on the Supreme Court judgment under 2 G scam so that the government can find the forward actions and able to handle the future situation.
Talking to Media, Kapil Sibal said, “The purpose of this exercise was only to inform the prime minister and the group about the salient features of the judgment and its consequences and implications, and the basis on which the judgment has been rendered.” Read more
