Indian Court cancels 122 telecom licences

Home Minister P Chidambaram should be investigated. Opposition MPs accuse Mr Chidambaram of failing to prevent the scandal when he was finance minister.
He denies any wrongdoing. Mr Raja is currently on trial for fraud. India is one of the world’s fastest growing markets for mobile telephones with 893 million connections.
“Licences after January 2008 are quashed [cancelled]. The Telecom Regulatory Authority of India will make fresh allocations by auction,” Justice GS Singhvi told the court.
Reports say yesterday’s verdict is likely to affect about 5 percent of connections used by mobile phone customers. India’s telecom regulator says the affected subscribers can be transferred to other mobile operators. Correspondents say the ruling is a setback for the government which has been hit by a series of corruption scandals in recent months. – BBC Sport.

Related Posts

Economy: Growth signs visible

Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…

Gold to shield Zim from Middle East conflict fallout: AfDB

Africa Moyo Deputy National Editor ZIMBABWE’S strong gold sector and broad resource base are expected to cushion the economy against the economic fallout from the escalating conflict in the Middle…

Leave a Reply

Your email address will not be published. Required fields are marked *

×