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Special Judge O P Saini acquitted all the accused, including then Telecom Minister A Raja and DMK MP Kanimohi, in both the cases filed by the CBI and ED LATEST NEWS :  A Delhi court on Thursday acquitted all the accused in the alleged multi-thousand crore rupee 2G spectrum scandal. Special Judge O P Saini acquitted all the accused, including then Telecom Minister A Raja and DMK MP Kanimohi, in both the cases filed by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED). The alleged scam on the issuance of licences and allocation of 2G spectrum by the Department of Telecom occurred during the Congress-led UPA government's first tenure in 2008 but was widely reported in 2010 following a report by the Comptroller and Auditor General of India (CAG). Congress leaders said that the verdict vindicated then Prime Minister Manmohan Singh and the UPA's stand that there was no scam in the allocation of spectrum and licences to telecom companies. ...

Indian telecom industry is at a critical juncture & improvement is crucial for its long-term health Breaking news : The Indian Telecom sector has been under pressure for the last 8 years because of rising competitive and capex intensity. During this period the contribution of telecom services to GDP has declined from 2% of GDP in FY09 to just 1.2% in FY17. The return ratios for the telecom players has also consistently declined during the period and all the telecom companies do not manage to earn their cost of capital because of continuous investments in spectrum purchases. While competitive intensity has changed with entry and exit of players, the capex intensity has consistently risen because of spectrum auctions. The industry at this juncture is at its weakest because of the high degree of financial leverage and margins impacted by rising competition from new player Reliance Jio . In the current state, the industry has insurmountable challenges which are leading to h...