Offstumped Community Portal

By RC

DoCoMo picked up an 26% chunk of Tata Teleservices for USD 2.7 Bn. Another multi billion dollar company created with cheap spectrum. Article in a foreign magazine Comm.Ae – Valuations in India continue to remain fluid, in particular with respect to greenfield opportunities. For example, the GSM licences that the likes of Telenor and Etisalat have participated in were offered at a fraction of the price that they were deemed to have been worth.

By RC

Its great to see Sunil Jain with more :
But there’s a far more serious problem the CBI has to deal with. Let’s assume the CBI gets all the proof it needs — where does it go after this to check how solid its legal case is? To Attorney General (AG) GE Vahanvati, India’s highest law officer. Well, when he was Solicitor General (SG), Vahanvati had opined in favour of much of what Raja’s done — how is the AG going to say …

By RC

The CBI raided some offices of the DoT seeking evidence about the 2G spectrum allocation irregularities. The Central Bureau of Investigation on Thursday raided top Department of Telecommunications (DoT) officials on allegations that they had colluded with private companies in issuing licences and allotting spectrum to new players on a first come, first served basis last year.

From Economic Times

“Telecom minister A Raja on Tuesday, once again, attempted to drag the primeminister into the telecom row by claiming that Mr Manmohan

Singh was consulted over the allotment of 2G spectrum to private players.