2G verdict: Fate of cancelled telecom licences depends on agencies' next step, says Manoj Sinha

Fate of the 122 telecom licences of eight operators that were cancelled in 2012 will be decided based on the investigative agencies' take on the acquittal of all the accused in the 2G spectrum case, Telecom Minister Manoj Sinha said on Thursday. 

The investigative agencies will decide on appealing against the lower court verdict, he added. 

Unfazed by the lower court acquitting former telecom minister A Raja and 15 others on charges of corruption and cheating in sale of 122 spectrum licences in 2008, Sinha said the government anti-corruption watchdog CVC had investigated the allocations and had found faults with them. 

The 2001 'first-come-first-serve' policy was altered to 'first-come-first-pay' in 2008, he said, reacting to the court verdict. 

Spectrum was allocated through auction thereafter and the collections during NDA rule were 10 per cent higher than the UPA regime, he said, adding Rs 1.9 lakh crore was raised from spectrum auction since 2015. 

NDA government raised Rs 65,789 crore from 2016, he said. 

Asked about the 122 licences sold to companies including the local joint ventures of Norway's Telenor, UAE's Etisalat and Russia's Sistema, he said the government will take a call based on report of the investigative agencies, but did not elaborate.