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Scam

2G Spectrum Scam (2008)

Spectrum refers to the radio frequencies used for communication (like mobile phone networks).
In 2008, the Department of Telecommunications (DoT) under the UPA government (Congress-led), headed by Telecom Minister A. Raja, issued licenses for 2G spectrum to telecom companies.
The allocation was done on a first-come, first-served basis, not through auctions, and allegedly at undervalued prices based on 2001 rates - even though telecom demand and market value had grown drastically by 2008.

10 Jan, 2008

Sources