2G verdicts: Supreme Court cancels all 2G licenses, trial court to decide on CBI inquiry against Chidambaram

PUBLISHED ON: February 2, 2012 | Duration: 8 min, 31 sec

  
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The Supreme Court has cancelled 122 licenses for mobile networks issued during A Raja's tenure as Telecom Minister. The decision is likely to send India Inc into a seizure and impact foreign investor confidence. The verdict today impacts huge telecom players like Unitech Wireless, Tata, Aircel and Idea. The Supreme Court has asked the telecom regulator TRAI to make fresh recommendations for how 2G licenses should be allotted.
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