Indian court orders 122 cellphone spectrum licenses cancelled in multibillion dollar scandal The USA Times

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Thursday, May 24, 2012

Indian court orders 122 cellphone spectrum licenses cancelled in multibillion dollar scandal

NEW DELHI - India's top court has ordered the government to cancel 122 cellphone licenses granted to companies during an irregular sale of spectrum that auditors say cost the government tens of billions of dollars.

Lawyers involved in the case say the court ordered the government to conduct a fair auction of the cellphone spectrum in the coming months.

Thursday's verdict is an embarrassment for the government of Prime Minister Manmohan Singh and will likely throw India's massive cellphone market into chaos.