Investors bought into a valid Gol-issued licence

Should Norway’s Telenor be compensated by the government now that the Supreme Court has said Uninor’s licence (Telenor owns 67% of Uninor, Unitech owns the rest) has to be cancelled as the process by which it was allocated was unfair. While that’s what Telenor and many others whose licences were cancelled are arguing, the counter argument is that since Telenor simply bought the equivalent of stolen goods, it can hardly make a case for compensation.

Read Full Story>>