From Vodafone to 2G

In less than two weeks, two judgments from the Supreme Court on telecom have changed the face of the industry. While the first one went in favour of Vodafone and ensured it did not have to shell out Rs 11,000 crore as capital gains tax on the purchase of Hutch’s India operations, the second one hit the firms that got licences from A. Raja at bargain-basement prices in January 2008 by ruling that all 122 licences had to be cancelled...

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