On the hearing of plea filled by Subramanian Swamy over 2G scandal, the Supreme Court’s bench of justices has cancelled all 121 licences given by ex-telecom minister A Raja under 2 G scandal-tainted 2008 sale.
S Tel, Videocon, Idea Cellular, Tata Teleservices, Loop Telecom, Etisalat DB is the companies those telecom licenses have been scrapped and along with them apart from Uninor and Sistema Shyam companies licences has also cancelled.
Under allocation of spectrum in 2G band all the telecom companies have got the benefits profitable by unconstitutional action taken by the DoT for the grant of UAS (unified access service) licences that increase their equity shares in many thousands. And the Courts have asked these companies to pay money in form of fine over the violation of norms. Read more
