11/12/2010 What is 2G spectrum scam?

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Updated: December 11, 2010 07:54 IST

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What is 2G spectrum scam?
NDTV Correspondent, Updated: November 16, 2010 12:16 IST

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New Delhi: From the time allegations of misappropriation during the bidding for allocation of 2G spectrum surfaced, till Telecom Minister A Raja's ouster, high drama
charged both politics in Delhi and Tamil Nadu. So what exactly is the Spectrum Scam that led to all this?

WHAT IS SPECTRUM SCAM?

2G licenses issued to private telecom players at throwaway prices in 2008

CAG: Spectrum scam has cost the government R 1.76 lakh crore
CAG: Rules and procedures flouted while issuing licenses

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WHAT ARE THE CHARGES ON FORMER TELECOM MINISTER A RAJA?

CHEAP TELECOM LICENSES

Entry fee for spectrum licenses in 2008 pegged at 2001 prices

Mobile subscriber base had shot up to 350 million in 2008 from 4 million in 2001

NO PROCEDURES FOLLOWED

Rules changed after the game had begun

Cut-off date for applications advanced by a week
Licenses issued on a first-come-first-served basis
No proper auction process followed, no bids invited
Raja ignored advice of TRAI, Law Ministry, Finance Ministry
TRAI had recommended auctioning of spectrum at market rates

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FAVOURITISM, CORPORATES ENCASH PREMIUM

Unitech, Swan Telecom got licenses without any prior telecom experience
Swan Telecom given license even though it did not meet eligibility criteria
Swan got license for R 1537 crore, sold 45% stake to Etisalat for R 4200 crore
Unitech Wireless got license for R 1661 crore, sold 60% stake for R 6200 crore
All nine companies paid DoT only R 10,772 crore for 2G licences

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Story first published: November 15, 2010 08:34 IST

Tags: 2G spectrum scam, A Raja, Spectrum scam

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