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2G scam probe: RCom, Unitech shares fall

PUBLISHED ON: November 18, 2010 | Duration: 2 min, 33 sec

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The ghost of the 2G license scam in 2008 continues to haunt Reliance Communications and Unitech. The stock of RCom fell 4.8 per cent on Thursday while Unitech was down 4.24 per cent. RCom has defended itself against allegations by the CAG on its stake in Swan Telecom at the time the latter was awarded 2G licence and spectrum.
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