Sibal slams SC intervention in telecom sector

Communications and information technology Minister Kapil Sibal slammed Supreme Court saying the intervention of the country's apex court had led to a massive de-growth of the telecom sector. 

While speaking at Annual General Meeting and National Conference 2013 organised by FICCI he said, "Telecom was the golden goose which laid the golden egg. The Supreme Court ensured that the golden goose will never lay golden egg again for a little while.” Sibal was speaking on governance issues in the country. Though the Minister did not mention any specific order of the apex court, but he was apparently referring to the spectrum allocation case of 2008 in which all the 122 2G telecom licenses were cancelled by the apex court in February last year. 

"The consumers' tariffs have gone up. So the consumer has not benefitted. The sector is under a debt of two lakh fifty thousand core. So the sector has not benefitted. The government has got Rs 1,000 crore. So the government has not befitted. I would like to know who has benefitted," he added.

Source: http://cablequest.org/news/telecom-news/item/2078-sibal-slams-sc-intervention-in-telecom-sector.htmlSource: http://cablequest.org/news/telecom-news/item/2078-sibal-slams-sc-intervention-in-telecom-sector.html