scandal

“We will do everything we can to stay in India,” says Telenor

Nordic operator group Telenor has said that it will do what it can to keep Indian subsidiary Uninor operating in the country. Last week, the Supreme Court of India cancelled 122 telecoms licences that were awarded in a 2008 spectrum sale, citing corruption in the sales process of the licences.

Indian court cancels 122 mobile licences

The Supreme Court of India has cancelled 122 telecoms licences that were awarded in the country’s 2G auction. The country sold its 2G spectrum licences in 2008 on a first-come, first-served basis. However, it emerged that they were sold unlawfully, with former cabinet minister Andimuthu Raja currently in jail awaiting trial for his role in the scandal. As a result, it is estimated that the country lost around $40bn in lost revenue by not auctioning the licences.