2G Scam | 3 February 2012

2G Scam | 3 February 2012

Hindustan Times

SC puts 2G, govt under hammer

New Delhi: The Supreme Court on Thursday cancelled the 122 telecom licences that jailed former telecom minister A Raja had issued to eight companies in 2008, calling the allocation illegal, “wholly arbitrary, capricious and contrary to public interest". (Read story)

The Times of India

2G verdict: Future tense for users, telcos, govt, India image

The Economic Times

Supreme Court verdict cancelling 122 telecom licences leaves foreign investors shocked

New Delhi/ Mumbai: The Supreme Court has cancelled 122 licences awarded by former telecom minister A Raja, a ruling hailed by anti-corruption campaigners but one that left investors, banks and vendors fretting about the prospect of billions of dollars going down the drain. (Read story)

Business Standard

SC cancels 122 telecom licences, tells govt to take policy action

New Delhi: The Supreme Court on Thursday ordered the cancellation of all the 122 unified access service licences issued in January 2008 by former telecom minister A Raja. It also directed the Telecom Regulatory Authority of India (Trai) to make fresh recommendations for the telecom spectrum auction route in future, within four months. (Read story)

The Indian Express

SC scraps UPA’s Licence Raja

New Delhi: Sending a clear message that the 2G spectrum allocation of 2008 is a scam and not the result of a government policy decision, the Supreme Court today quashed the grant of 122 UAS licences and allocation of spectrum to 12 private companies. (Read story)

The Hindu

Supreme Court scraps UPA’s ‘illegal’ 2G sale

New Delhi: Declaring the allocation of 2G spectrum by the Congress-led United Progressive Alliance (UPA) government “illegal" and an example of the arbitrary exercise of power, the Supreme Court on Thursday cancelled all 122 telecom licences allotted on or after January 10, 2008 to 11 companies during the tenure of the former telecom minister, A. Raja. (Read story)

The Financial Express

2G scam: 122 licences cancelled

New Delhi: In a big reprieve to Union Home Minister P Chidambaram, the Supreme Court on Thursday referred the plea to probe him in the 2G scandal to the trial court but cancelled the 122 telecom licences that were granted by former Telecom Minister A Raja. (Read story)

The Telegraph

Great Disconnect

New Delhi: The Supreme Court today took an extraordinary stride into policy-making when it junked the first-come-first-served formula for 2G and advocated auction for natural resources. (Read story)

The Hindu Business Line

2G blow to Govt as apex court cancels 122 licences

New Delhi: Delivering a big blow to the UPA Government and what could lead to a major shake-up in the telecom sector, the Supreme Court, in a landmark judgment, on Thursday cancelled the 122 spectrum licences issued ‘on or after January 10, 2008’ during the tenure of the then Telecom Minister, Mr A. Raja. (Read story)

Financial Chronicle

Shakeout stares in the face of telecom sector

New Delhi: A dark cloud of uncertainty hung over 15 telecom companies and their foreign partners after the Supreme Court on Thursday cancelled 122 telecom licences in the 2G space issued on or after January 10, 2008, that is, by the then minister A Raja, on a first-come-first-served basis. (Read story)

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