New Delhi, May 12 — The failure of Telenor’s $3-billion investment in subsidiary Uninor will not only impact India’s investment destination image but will also have political repercussions, Norway’s Trade Minister Trond Giske said here Saturday.
“If this investment fails, I think, it will be fair to say that it will influence the view of India as an investment country,” Giske told reporters.
“Telenor is not just any company. 54 percent of its shares are owned by Norwegians through the state and, thus, it has further political implications.”
Telenor lost 22 2G spectrum licences when Supreme Court, in its Feb 2 ruling, cancelled 122 such licences issued during telecom minister A. Raja’s tenure.
Telenor has a 67.25 percent stake in Uninor.
The Norwegian minister also met Planning Commission Deputy Chairman Montek Singh Ahluwalia and discussed the issue.
He also met the company’s employees here along with Telenor chief executive Fredrik… Continue reading
New Delhi: Former Union telecom minister A Raja, who has been facing trial in the 2G spectrum allocation scam case, has moved a Delhi court seeking bail.
The accused in the 2G spectrum scam has been behind bars for 15 months. He moved the court for the bail hours after former telecom secretary Siddharth Behura was granted bail by the court.
Notably, as many as 14 people were arrested in the 2G scam case and all but Raja are already out on bail.
A notice in this regard has been given to the Central Bureau of Investigation (CBI) to respond to Raja’s bail application. The matter will be heard on May 11.
Almost 15 months after his arrest, former telecom secretary Siddharth Behura – an accused in the 2G spectrum allocation scam case – was on Wednesday granted bail by the Supreme Court. In a related development, former telecom minister A. Raja also moved a special court of Central Bureau of Investigation (CBI) seeking bail.
Behura, who has been lodged in Tihar Central Jail since February 2011, was granted bail on Rs.5 lakh surety and Rs.10 lakh bail bond.
After SC relief for Behura , Raja is the only accused in the case who is yet to get bail. Special judge O.P. Saini would take up Raja’s bail application on Friday.
Raja, who too was arrested in February 2011, finally decided to apply for bail . A day before his birthday, the tainted DMK leader moved a bail petition in the 2G court soon after his former telecom secretary got bail.
Raja… Continue reading
In the wake of the 2G fiasco, the Supreme Court on Friday asked the government whether it has put in place a committee of experts as recommended by the Trai for allocation of spectrum as the Centre is now talking about allocating of 4G spectrum licences.
The query came from a special bench monitoring the 2G probe while hearing Janata Party president Subramanian Swamy’s plea for CBI probe against home minister P. Chidambaram for his alleged role in “fixing” 2G price as finance minister in the UPA-I along with then communications minister A. Raja, a key accused in the 2G scam case.
The top court also asked if the committee had been put in place what was its functional progress so far as the 2G episode had happened in 2007-08 and “we are now in 2012.”
“Whether the Trai recommendation that a committee be set up for allocation of spectrum,… Continue reading
After months of its relatively peaceful functioning, the joint parliamentary committee (JPC) looking into the 2G spectrum scam is headed for an internal showdown along political lines.
With bureaucratic depositions coming to an end in May, the panel would now decide on witnesses to be called from among ministers and politicians.
The opposition is set to demand that home minister P Chidambaram and telecom minister Kapil Sibal, among others, appear before the panel.
P Chidambaram was the union finance minister when the 2G spectrum was allotted.
The UPA members — 13 out of the total 27 members of the JPC — are determined to stonewall these ministers’ appearance owing to an apprehension that the opposition may take the opportunity to earn brownie points.
The UPA members, instead, are set to demand that former telecom minister Arun Shourie and some key ministers of the NDA government be called. “The scope… Continue reading
Telecom Lead India: In order to pressurize the Indian government, employees of telecom firm Uninor are seeking meetings with Prime Minister Manmohan Singh and Telecom Minister Kapil Sibal to request that their employer be allowed to continue operations.
More than 600 Uninor employees and their families from Delhi-NCR and Uttar Pradesh are likely to assemble at Jantar Mantar in Delhi.
On February 2, the Supreme Court had cancelled 122 telecom licences, including 22 of Uninor, a joint venture between Telenor of Norway and domestic realty player Unitech.
“We will be asking the Government to ensure that we are allowed to keep the operations running till such time that our company is able to participate in the new 2G auctions,” Uninor employees said in a letter.
The letter further reads, “This prayer (to be submitted to Singh and Sibal) has been signed by Uninor employees from across… Continue reading
Appearing as a prosecution witness before the special CBI court hearing the 2G spectrum case, former telecom secretary D S Mathur said he had warned former telecom minister A Raja that fixing September 25, 2007, as the cut-off date for receiving UAS licences could give rise to legal complications.
Mathur said he had recorded his note on November 5, 2007, as he was on tour when the minister approved the document: “…I recorded this note after seeing the order of the then Minister dated 02.11.2007 as fixing the date of 25.07.2007 may be considered arbitrary and it may give rise to legal complications later on.”
Mathur said he had not recorded his warning on file. “I took the file personally to the then Minister and told him that this decision needs to be reconsidered, though I did not record these facts on the file… When I spoke to the Minister… Continue reading
NEW DELHI: The Supreme Court is expected to hear on Wednesday a plea seeking investigation against Union home minister P Chidambaram for his alleged role in the 2G spectrum scam.
Janata Party president Subramanian Swamy and the NGO, Centre for Public Interest Litigation have moved the apex court against the trial court order giving clean chit to Chidambaram in the scam.
Swamy had accused Chidambaram of acting in collusion with jailed former telecom minister A Raja on spectrum pricing.