The Indian government is looking for ways to ensure that international operators cannot claim damages for earlier cancelled spectrum licences, if they win bandwidth in the upcoming frequency auction, the Business Standard reported.
Earlier this year,…
The Indian government is looking for ways to ensure that international operators cannot claim damages for earlier cancelled spectrum licences, if they win bandwidth in the upcoming frequency auction, the Business Standard reported.
Earlier this year, the Supreme Court annulled 122 frequency licences in a ruling related to India’s 2G scam scandal. Among companies that lost licences are Telenor of Norway, Russian Sistema, and a number of foreign investment funds that are invested in Indian operators.
Some of those companies have already sent legal notices to the government, referring to international investments treaties, such as the Bilateral Investment Promotion & Protection Agreement (BIPA) and the Comprehensive Economic Cooperation Agreement (CECA).
Today’s report claims, without revealing its sources for the article, that the Indian Department of Telecommunications is seeking advice from the attorney general whether a clause that prohibits auction winners from seeking damages can be included in the auction terms.
According to a court order, a new frequency auction needs to take place before the end of August.
