2G Spectrum Scam- 122 Licenses cancelled- Corrupt Communication Corporates in the Dock
NDTV Correspondent, Updated: February 02, 2012 13:26 IST
New Delhi: India is the world's second-largest telecom market in terms of subscribers - it has 900 million subscribers. So far, the telecom sector has been crowded with more than a dozen players. Call rates in India among the lowest in the world.
Now that the Supreme Court has cancelled 122 licenses, here is a quick look at the likely impact.
EFFECT ON TELECOM SECTOR
Verdict to shake up India's fragmented telecom market
To lead to consolidation in the telecom sector
Non-serious, weak players will be weeded out
Spectrum to be linked to market prices and auctioned
Established players like Bharti, Vodafone, and Idea to benefit
Policy uncertainty for the telecom sector as the judgement is studied and evaluated
EFFECT ON CONSUMERS
Telecom rates to go up in long run as spectrum will be auctioned
EFFECT ON ECONOMY
Auction of spectrum will lead to another financial windfall for government
2G telecom auction may help plug government's fiscal deficit
May further dampen business climate and investor sentiment
Bad news for foreign investors in telecom, may further impact FDI
Read more at: Cancelled telecom licenses: Impact on consumers, economy
Comment: The Supreme Court verdict is historical and could be forerunner to the Strong Lokpal Bill. The citizens need to go after the black Money and Swiss Secret Acounts. Politicians who are criminalising the citizens must find their rightful place in the Jail!
Citizen's Right to Fight Corruption is Constitutional
New Delhi: The Supreme Court has today said that the right to file a complaint against a public servant under Prevention of Corruption Act is a constitutional right. The two judges also faulted the Prime Minister's office not taking appropriate action when Janata Party President Subramanian Swamy wrote in, asking for then telecom minister A Raja to be tried for corruption. Here are five big facts on this story: Click here
Thursday, February 2, 2012
Cancelled telecom licenses: Impact on consumers, economy
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Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)
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