2G licences: Sibal, PM discuss SC verdict

New Delhi: Telecom Minister Kapil Sibal met Prime Minister Manmohan Singh shortly after the Supreme Court judgement that cancelled all 122 licences issued in January, 2008. Sibal and Prime Minister  Manmohan Singh reportedly discussed the implications of the Court order and the steps to be taken. The Supreme Court has cancelled 122 licences  holding that they were issued in a “totally arbitrary and unconstitutional manner” and asked the government to initiate process to allot fresh licences based on auction of spectrum. [caption id=“attachment_201489” align=“alignleft” width=“380” caption=“Telecom Minister mets Prime Minister to chalk out future course of action after SC verdict. PTI”] [/caption] While addressing a departmental function, Finance Minister Pranab Mukherjee also added that the government will examine the implications of the judgements given by the Supreme Court in the 2G case today. “Judgements have come and we will have to examine judgements and its implications. Government will examine it,” said Mukherjee. The government has been asked to seek recommendations from telecom regulator TRAI in this regard and complete the process within four months. The major companies affected by this verdict are Uninor, Sistema-Shyam, Videocon, Etisalat DB, Loop telecom and Idea among others. PTI