Reliance Communications Ltd. (RCOM) said on Thursday that licences to the company were issued in 2001 or prior to that and that it will not be affected by the Supreme Court judgment pronounced today.
“RCom’s licences are not affected by the Supreme Court judgment pronounced today,” the ADAG company said in a statement to the exchanges.
“RCom’s licences were all issued in 2001 or prior,” the company added.
The Supreme Court (SC) today ruled that all the new 2G licences allocated by disgraced former Telecom Minister A. Raja in early 2008 be scrapped.
The apex court held that 122 new 2G licences were granted in arbitrary and unconstitutional manner.
The affected telecom service providers can operate the cancelled 2G licenses for four months.
The SC asked telecom regulator TRAI to make fresh recommendation on grant of 2G licences. Allocation of spectrum will be done through auction within four months.
Penalties of Rs. 50mn have been imposed on Tata Teleservices, Unitech Wireless and Swan Telecom.
Videocon, Estel and Alliance Infratech have been fined Rs. 5mn each. Essar-Loop and Systema Shyam Telecom have also been penalised.