NEW DELHI (Reuters) - India's Supreme Court on Thursday ordered the government to revoke all 122 telecoms licenses issued under a scandal-tainted 2008 sale. India is divided into 22 telecoms zones and there are a total 281 zonal licenses in the market of 894 million users and 15 mobile operators, led by Bharti Airtel, Reliance Communications and Vodafone's India unit. Police say that in 2008 ...
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NEW DELHI (Reuters) - India's Supreme Court ordered on Thursday telecoms licenses issued under a scandal-tainted 2008 sale be revoked, striking a decisive blow against corruption that plagues the country and roiling the world's second biggest cellular market. The ruling applies to 122 licenses held by eight operators but potentially affects fewer than 5 percent of users in a fiercely competitive ...
India's top court ordered the government on Thursday to cancel 122 cellphone licenses granted to companies during an irregular sale of spectrum that has been branded one of the largest scandals in India's history.
The licenses had been sold at below-market prices in 2008, a controversy that became the rallying cry for a large anti-corruption movement that dominated the public debate in India last year.
India initiated plans Friday to auction 2G spectrum, a day after the country's Supreme Court ordered licenses and spectrum issued in 2008 to be canceled, as they...
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NEW DELHI (Reuters) - India's Supreme Court ordered on Thursday telecoms licenses issued under a scandal-tainted 2008 sale be revoked, striking a decisive blow against corruption that plagues the country and roiling the world's second biggest cellular market.
The ruling by the Supreme Court was a rebuke to the government and came after years of litigation over a scandal involving telecommunications licenses sold at below-market prices.
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