Hot India Controversy - 2G verdict: Major blow to Telcos-NewsX

The cancellation of all 122 licenses in the 2G scam has jolted the Telecom companies involved in the case. The court directed Telecom majors Etilsalat, Unior and Tata to pay Rs 5 crore fine each. Shares of some telecom-related firms fell sharply by up to 14%

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