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Essar heads charged in telecom scandal [updated to include CBI statement]
Four giants of corporate India have been charged with conspiracy and cheating in relation to their ownership of a stake in Vodafone, in a further twist of the multibillion dollar telecoms scandals that...
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Indian court pulls 122 telecom licenses
In the latest twist in India’s epic, multibillion-dollar 2G telecom scandal, the Supreme Court on Thursday overturned the award of 122 mobile telephone licences granted in 2008 by Andimuthu Raja, the...
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Essar Energy: still on the slide
How are the mighty fallen. When Essar Energy was listed in London in 2010, it was billed as a poster boy for the emergence of Indian capital on to the world’s stage. On Monday, the shares fell more...
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India’s 4G auction: people or profit?
Compared with the embarrassment of the 2008 Indian 2G spectrum auction – which resulted in a scam that is alleged to have deprived the government of $39bn – 2010’s 3G spectrum auction was a wild,...
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More tax woes for Indian telecoms
Telecoms have been having a rough couple weeks when it comes to taxes. But Vodafone isn’t alone. The simmering dispute between Norway’s Telenor and India’s Unitech over their telecom joint venture...
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India 2G: a rough few days
The day after India’s telecoms regulator threw the industry into turmoil by announcing sky-high prices for 2G spectrum – at $687m per MHz, 13 times higher than 2008 prices – it was the Supreme Court’s...
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India PM dials in to the 2G auction
After years of staying out of the 2G scandal, the Indian prime minister seems to be taking a keen interest in the 2G spectrum auction. On Monday, local media reported that he would appoint a minister...
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Indian mobile telecoms: crunch day creeping closer
When is a decision not a decision? When it’s taken in India. That at least seems to be the lesson from the latest meeting of a government committee which sat on Friday to decide the price telecoms...
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India: another 2G auction delay
It was not exactly a bolt from the blue. In a move that will have surprised nobody, the Indian government is to ask the Supreme Court to give it more time to arrange a repeatedly delayed rerun of its...
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Telenor: the biggest bidder in Indian telecoms auction
Norway’s Telenor emerged on Wednesday as the biggest buyer in India’s controversial mobile telecom spectrum auction.Continue reading »
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India telecoms auction: a bit more affordable
Watching India set its policy on telecoms auctions is like watching a game of tennis – there’s so much back and forth, you get a sore neck. Although the country is one of the world’s largest and...
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