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India's Supreme Court cancels all licenses in 2008 2G auction, shocking large foreign investors

www.theverge.com
In an astounding rebuke of powerful political and commercial players in India, the country's Supreme Court today canceled all 2G spectrum licenses issued in 2008, claiming that the conferrals were "totally arbitrary and unconstitutional." As The TImes of India reports, India's Central Bureau of Investigation (CBI) found that bribes...
India's Supreme Court cancels all licenses in 2008 2G auction, shocking large foreign investors
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