Not violated any norms: RCom
Anil Ambani group firm Reliance Communications (RCom) on Sunday blamed old operators for cornering excess spectrum beyond 6.2 MHz, as well as causing a loss to the government through other fraudulent representations. HTreports.india Updated: Feb 14, 2011 01:08 IST
Anil Ambani group firm Reliance Communications (RCom) on Sunday blamed old operators for cornering excess spectrum beyond 6.2 MHz, as well as causing a loss to the government through other fraudulent representations.
“The Comptroller and Auditor General’s report of 2010, Justice Shivraj Patil’s report of January 2011, Telecom Regulatory Authority of India reports of May 2010 and February 2011 and telecom minister Kapil Sibal’s recent public statements have identified these anomalies in the recent past,” Syed Safawi, CEO of Reliance Communications wireless business said in a statement.RCom also said it only held 9.9% equity share capital in Swan Telecom — a company under investigation of being a beneficiary of former communications minister A. Raja, and whose promoter Shahid Balwa is in CBI custody — at the time of applying for 2G licences, and said it did not violate any norms.
The shareholding was fully disclosed at inception and this information has always been in the public domain, Safawi said.
“Neither Reliance Telecom, nor RCom, nor any Reliance ADA Group individual, company or affiliate is a beneficiary of, or has any connection with, any of the licenses issued, or spectrum granted to old and new 2G operators in January, 2008,” the statement said.
RCom accused its competitors and corporate rivals in the telecom industry for putting up “a smokescreen and cover their own unprecedented irregularities over the past decade and thereby protect their industry market shares built through manipulation of the policy regime and favouritism” in connivance with DoT officials.
On dual technology licences issued by Raja to Reliance Communications, the group said its application had been pending for more than 18 months from February 2006, and was on identical terms and involved the payment of identical fees as three other companies — Tata Teleservices, Himachal Futuristic Communications and Shyam Telecom (now Sistema) — and there is nothing special or untoward in the same.