Unitech: We had complied with telecoms rules

By : |November 17, 2010 0

NEW DELHI, INDIA: Indian real estate firm Unitech Ltd said on Thursday its telecoms arm had received licences after complying with guidelines prescribed by the Indian Telecommunications Ministry.

The company said in a statement it was providing full cooperation and information to all government authorities.

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The Comptroller and Auditor General (CAG) of India said in a recent report that Unitech, a company with no prior experience in the telecoms sector at the time, was allocated spectrum at "a throw away price" by the department of telecommunications.

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Norway’s Telenor later bought into the Unitech telecoms venture and now owns a 67.25 percent stake. Today Reliance Communications also said that it was not in any way involved in 2G spectrum allocation scam.

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