The Supreme Court of India has cancelled 122 2G licences that had been issued to telecom operators from 10 January 2008 onwards. The licences were given out by former telecom minister A Raja, who is currently in prison for basing spectrum allocation on 2001 prices and unlawfully awarding these licences on a first-come, first-served basis, rather than through an auction process.
United Arab Emirates-based Etisalat (which purchased a 45% stake in Swan Telecom in 2009); Uninor, a joint venture between Norwegian telecom company Telenor and Unitech Wireless; and Sistema-Shyam, a joint venture between Russian telecom operator Sistema and the Shyam group in India, are among the companies whose licences have been revoked.
Telenor has issued a notice to Unitech stating that it will seek indemnity and compensation following the cancellation of 22 Uninor licences in India. In a press release, Telenor stated that “the legality and validity of the licences was a fundamental term of the share subscription agreement … the Supreme Court’s cancellation of United Access Service Licences conclusively demonstrates a clear breach of Unitech’s warranties.”
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