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Policy & Regulation
Govt plans to recover market value of spectrum from new entrants
TT Bureau |  |  22 Nov 2010

The 2G spectrum issue is headed for another turn as the government now plans to recover market value of spectrum from the beneficiaries rather than cancelling the grant of licences altogether.

Sources in DoT say that the government is considering to recover such a price from all the players who have benefited because of the alleged 2G spectrum scam.

In the year 2007 then telecom minister A Raja had granted licence and spectrum on first-come-first-served basis. The recently published CAG report has estimated the loss due to such a move at over Rs. 170,000 crore.

The government’s plan to recover value from such players seems to be to atleast reduce the loss as far as possible.

    
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22 Nov 2010(IST)  
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