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The latest wave of regulatory uncertainty over licences

Thursday, November 18, 2010

The latest wave of regulatory uncertainty over licences engulfed India's fiercely competitive mobile industry on Thursday and sent shares some operators reeling.

A scandal involving spectrum allocation than a government audit said can have cost India $31 billion ended in the sacking of Telecoms Minister Andimuthu Raja along at the weekend and has now turned the spotlight on companies which received spectrum.

Meanwhile, India's telecoms regulator has recommended to your government not wearing running shoes cancel 38 telecoms licences because operators could not meet rollout obligations, an origin with direct perception of the difficulty said late on Thursday.

Licences suited to cancellation include eight held by India unit of Norway's Telenor, two held by India unit of Abu Dhabi's Etisalat, and 10 held by India arm of Russia's Sistema, the fundamental cause said.


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