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Indian court cancels telecom licences after corruption scandal
Court rules that 122 2G licences must be scrapped, which could spell the end of some of the smaller mobile phone firmsIndia’s top court has ordered the government to cancel 122 licences granted to mobile phone companies during an irregular sale that has been branded one of India’s largest corruption scandals. The verdict is likely disrupt the country’s massive mobile phone market and is a further embarrassment to the government of Manmohan Singh.
published date:Thu, 02 Feb 2012 08:43:58 GMT