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

Raja alleges 1.6 Lakh Crore scam during NDA rule.

“The NDA Government is responsible for irrational decisions without any legal backing. The scam during the NDA regime could be much more than Rs 1.6 lakh crore.” Mr Raja facing allegations, of a Rs 60,000-crore spectrum scam, from the BJP said that he will not resign. “Ours is a Governmentthat has followed all rules to the letter and spirit by following the regulations of the Telecom Regulatory Authority of India,” he said.

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.