03-13-2010, 09:30 PM
<img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/angry.gif' class='bbc_emoticon' alt=':angry:' /> On March 8, Shivasankaran decided to surrender before Raja. STel officials, who reached Rajaââ¬â¢s residence for truce with company letter pads, were forced to sign the prepared compromise draft, which was then presented to the Supreme Court by Attorney General Vahanvati. Sadly for Raja, all the manoeuvring came to a naught, with the apex court refusing to provide him any relief.
STel is the only firm that wrote to the Prime Minister, offering a whopping figure of Rs 16,000 crore for a pan-India licence. But the Prime Minister, who had on November 2, 2007 ordered Raja to stop spectrum allocation, maintained silence on the letter. He continued with his silence even when the Telecom Minister issued licenses at a cheap price of Rs 1,500 crore, fixed back in 2001. The spectrum/licences were issued in 2008 at price fixed in 2001, when only four million subscribers existed. In 2008, the subscribers level had crossed 300 million. http://www.dailypioneer.com/242090/Raja-...moved.html
STel is the only firm that wrote to the Prime Minister, offering a whopping figure of Rs 16,000 crore for a pan-India licence. But the Prime Minister, who had on November 2, 2007 ordered Raja to stop spectrum allocation, maintained silence on the letter. He continued with his silence even when the Telecom Minister issued licenses at a cheap price of Rs 1,500 crore, fixed back in 2001. The spectrum/licences were issued in 2008 at price fixed in 2001, when only four million subscribers existed. In 2008, the subscribers level had crossed 300 million. http://www.dailypioneer.com/242090/Raja-...moved.html