Will MTS Sistema Shyam Teleservices sail through the SC verdict on 2G Scam ?
MTS Sistema has filed a review petition with the SC in the 2G Spectrum Scam case praying that the ruling should not apply to it on the following grounds,
SC’s cancellation of 2G licenses issued on or after January 10, 2008 was based on the premise that FCFS method of allocation was flawed. MTS’ contention is that it happened to be awarded licenses in January 2008 and it needs to be noted that MTS Sistema was the lone applicant for a CDMA licence and FCFS was not involved at any stage of application, licence allocation or spectrum allocation
SC’s contention that the 2G licence allocation resulted in loss to the exchequer stems from the fact that the licensees sold Read more
TRAI Releases Consultation Paper on Auction of 2G Spectrum
TRAI has released consultation paper [PDF] on the auction of the scam tainted spectrum earlier allotted to 122 licensees. There is a wide range of views given the number of stakeholders involved and hence no conclusive recommendations at this stage. Key issues discussed in the Consultation Paper are as follows,
Reserve Price of Spectrum The price of Rs 1650 Cr for 6.2MHz recommended by few companies involved in the 2G scam has been overruled by TRAI and is ir-relevant. TRAI has also once again highlighted other price point comparisons (these were announced in its past recommendations in May 2010 and Feb 2011) and the range begins at Rs.818cr ($165mn) per Mhz up to Rs.4,571cr ($900mn) per Mhz which was recommended as the price for spectrum held above 6.2Mhz. Other price points for Read more
2G Spectrum Case – Suggestions to the TRAI Paper on 2G Spectrum Auction
Today is the Last Day for submitting your voices on the proposed auction of 2G Spectrum as the outcome of Supreme Court judgment earlier this month. Here is mine.
Dear Members of the TRAI / Committee on 2G Spectrum Auction:
I am writing to you in response to your consultation paper on “Allocation of Spectrum in 2G band in 22 Service Areas by auction”. The Honorable Supreme Court of India in its judgment of the 2G Scam has clearly stated that,
State is the legal owner of the natural resources as a trustee of the people and although it is empowered to distribute the same, the process of distribution must be guided by the constitutional principles including the doctrine of equality and larger public good.
So in the spirit of the judgment of the Honorable Supreme Court of India, I congratulate the members of TRAI in taking the right decision of auctioning the said Spectrum.
Now the broader question posing the members of the TRAI is, who all can participate in the Auction of this Spectrum? We have a number of Choices, Read more
2G Scam Supreme Court Verdict is 100% Right. Foreign Media / WSJ – Don’t You Dare Question it in the Name of FDI
The Supreme Court Judgment is remarkable as it brought to light the Lobbying and Pimping Corporates do in the High Corridors of Power. Now The Wall Street Journal Quotes
Court’s ruling also effectively adds a new layer of uncertainty to an already unpredictable regulatory environment. New Delhi has become infamous for changing the rules in the middle of the game
Dear Mr. WSJ editor, before taking sides, analyze the situation in which investments were made. Unitech a Realty Firm hired a Corporate Pimp Read more
2G Spectrum Scam – Supreme Court Quashes A. Raja’s Allotment – List of Telecom License Allottees
Over the past 2 years we have been writing about the Telecom Spectrum Scam right under the nose of Distinguished Prime Minister of India Dr. Manmohan Singh and his former colleague A. Raja the Master Mind 
Here is the list of License Allottees From Serial Number 51 to Serial Number 173 [PDF] all allotted by A. Raja now in the comforts of Tihar Jail
Implications of the Ruling:
- Telecom Minister Kapil Sibal’s Zero Loss Theory goes down the toilet drains. Is he still fit to occupy his Chair and make decisions for the crucial Telecom Policies and Sector ?
2G Spectrum Scam – Banks / FIs to get Piece of Spectrum ? – Systemic Risk
Not too long ago, the year 2008 went down in the history as year of sub-prime crisis. Just as the Spectrum Scam intensified with the stepping down of A. Raja, Goldman Sachs Sr. Banking Analyst and Director Tabassum Inamdar pushed the report on the concerns about Banks financing to Indian Telecommunications companies involved in the spectrum scam. [2 or 3 Quarters Ago, Mr. Aga, CEO of Idea Cellular had called these bankers, Daredevils, who would choke the supply anytime]
The Honorable Justice at Supreme Court ordered to look into Read more
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