There will be severals Q's arising when we see this and mainly are:-
What is 2G speectrum???
2G or second generation wireless telephone technology is a digital network for transmission of voice(calls) and data(sms, internet,etc)
Wireless means that the voice and data are transmitted through electromagnetic radiations.
The 2G spectrum is a band of frequencies, much like a "rainbow" which is a spectrum of light.
DoT(Department of Telecomm) has to ensure the following:-
The government earns revenue from the sale of the spectrum to different cell phone companies.
The spectrum allocation process is equitable,optimum and transparent.
Adequate spectrum is made available.
How the scam has done???
Here the story begins....
A.Raja becomes the UPA telecomm minister(May 2007).
2007 September:-
SWAN Comm, Unitech, Loop and DATACOMM apply for 2G allotments.
(2007 October):-
A.Raja rules out 2G spectrum auction opening ignoring the TRAI's recommendations on the distribution.
2008 January:-
Pan-India fee for spectrum allocations fixed at Rs. 1,658 crore.
2008 April:-
Dot, under A.Raja's charge, circumvents TRAI recommendations to allow for sale of stakes in companies.
These changes in the guideliness would result in huge losses to the Dot and ultimately the INDIAN PUBLIC.
What has happened???
2007 September-October:-
SWAN Telecom sells 45 % of its shares to Etisalat (a UAE company) for aprox Rs. 4,200 crore.SWAN brought it's spectrum licence for a mere Rs. 1,537 crore.
Unitech wireless sold 60% of its shares to telenor(a Norwegian company) for Rs. 6,200 crore. Unitech bought the spectrum licence for a mere Rs. 1,661 crore.
Tata Teleservices sells 26% of its shares to DoCoMo(a Japanese company) for Rs. 13,230 crore.
The total value of stakes later resale in th enine companies that had 2G licences amounted to Rs. 70,022 crore.
For the same licence , the DoT had recieved only Rs. 10,772 crore.
By allowing the resale of stakes, DoT lost more than Rs. 60,000 crore.
Corporations involved:-
Unitech Group.
Swan Telecom.
Loop Mobile.
Videocon Telecommunications Limited.
S Tel.
Reliance Communications.
Sistema Shyam Mobile (MTS) – Sistema Mobile Russia.
Tata Communications.
Vodafone Essar.
Media persons and Lobbyists involved:-
Nira Radia, a former airline entrepeneur turned corporate lobbyist whose conversations with politicians and corporate entities were recorded by the government authorities and leaked creating the Nira Radia tapes controversy
Barkha Dutt, an NDTV journalist alleged to have lobbied for A. Raja's appointment as minister
Vir Sanghvi, a Hindustan Times editor alleged to have edited articles to reduce blame in the Nira Radia tapes.
PETITIONERS:-
Subramaniam Swamy, activist lawyer and politician.
Paranjoy Guha Thakurta, a journalist who was one among the very first to write on the irregularities in the awarding of 2G spectrum allocation by the Telecom Ministry.
Prashant Bhushan, on behalf of the Centre for Public Interest Litigation.
Anil Kumar, on behalf of the civil society organisationTelecom Watchdog
What is 2G speectrum???
2G or second generation wireless telephone technology is a digital network for transmission of voice(calls) and data(sms, internet,etc)
Wireless means that the voice and data are transmitted through electromagnetic radiations.
The 2G spectrum is a band of frequencies, much like a "rainbow" which is a spectrum of light.
DoT(Department of Telecomm) has to ensure the following:-
The government earns revenue from the sale of the spectrum to different cell phone companies.
The spectrum allocation process is equitable,optimum and transparent.
Adequate spectrum is made available.
How the scam has done???
Here the story begins....
A.Raja becomes the UPA telecomm minister(May 2007).
2007 September:-
SWAN Comm, Unitech, Loop and DATACOMM apply for 2G allotments.
(2007 October):-
A.Raja rules out 2G spectrum auction opening ignoring the TRAI's recommendations on the distribution.
2008 January:-
Pan-India fee for spectrum allocations fixed at Rs. 1,658 crore.
2008 April:-
Dot, under A.Raja's charge, circumvents TRAI recommendations to allow for sale of stakes in companies.
These changes in the guideliness would result in huge losses to the Dot and ultimately the INDIAN PUBLIC.
What has happened???
2007 September-October:-
SWAN Telecom sells 45 % of its shares to Etisalat (a UAE company) for aprox Rs. 4,200 crore.SWAN brought it's spectrum licence for a mere Rs. 1,537 crore.
Unitech wireless sold 60% of its shares to telenor(a Norwegian company) for Rs. 6,200 crore. Unitech bought the spectrum licence for a mere Rs. 1,661 crore.
Tata Teleservices sells 26% of its shares to DoCoMo(a Japanese company) for Rs. 13,230 crore.
The total value of stakes later resale in th enine companies that had 2G licences amounted to Rs. 70,022 crore.
For the same licence , the DoT had recieved only Rs. 10,772 crore.
By allowing the resale of stakes, DoT lost more than Rs. 60,000 crore.
Corporations involved:-
Unitech Group.
Swan Telecom.
Loop Mobile.
Videocon Telecommunications Limited.
S Tel.
Reliance Communications.
Sistema Shyam Mobile (MTS) – Sistema Mobile Russia.
Tata Communications.
Vodafone Essar.
Media persons and Lobbyists involved:-
Nira Radia, a former airline entrepeneur turned corporate lobbyist whose conversations with politicians and corporate entities were recorded by the government authorities and leaked creating the Nira Radia tapes controversy
Barkha Dutt, an NDTV journalist alleged to have lobbied for A. Raja's appointment as minister
Vir Sanghvi, a Hindustan Times editor alleged to have edited articles to reduce blame in the Nira Radia tapes.
PETITIONERS:-
Subramaniam Swamy, activist lawyer and politician.
Paranjoy Guha Thakurta, a journalist who was one among the very first to write on the irregularities in the awarding of 2G spectrum allocation by the Telecom Ministry.
Prashant Bhushan, on behalf of the Centre for Public Interest Litigation.
Anil Kumar, on behalf of the civil society organisationTelecom Watchdog
JAAAAAAAAGOOOO!!!
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