Communications Minister Manoj Sinha on Thursday said his ministry will wait for the next move of the Central Bureau of Investigation (CBI) before taking any decision about 122 telecom licenses of eight operators that were cancelled in 2012.
A CBI court Thursday rejected that the 2G spectrum allocation led to any scam during UPA government. "The government will take a call based on report of the investigative agencies," Sinha said.
The Telecom Minster said fate of licenses cancelled in 2012 will be decided based on the investigative agencies' take on acquittal of all the accused in the 2G spectrum case.
The government had sold 122 licenses to companies including local joint ventures of Russia's Sistema, UAE's Etisalat and Norway's Telenor. Reacting to the court verdict, the Telecom Minster said the 2001 'first-come-first-serve' policy was altered to 'first-come-first-pay' in 2008.