All companies, who bought 2G licenses, combinely paid the Ministry of Communications and Information Technology's telecommunications division Rs. 10,772 crores.
The amount of money expected for this licensing by the Comptroller and Auditor General of India was Rs. 176,000 crore
Here are 2G license deals
1) Unitech bagged licence for Rs.1661 crore.
sold 60 % stake in wireless division to Telenor for Rs.6200 crore,
Unitech valuation rose to Rs.10,333 crores.
2) Tata paid Rs 1600 crores to get licenses -
DoCoMo the go-ahead to buy 27.31% stake in TTSL (Tata Teleservices) for Rs.12,924 crores.
and 12% stake worth Rs. 570 crore in TTML. total = Rs.13,494 crores.
TTSL valuation Rs. 47,866 crores
Source: MediaName
3) Swan bought licenses for Rs.1,537 crores,
UAE's Etisalat acquired a 45% stake in Swan Telecom for Rs.9,000 crores,
Swan(Rcom) valuation becomes Rs.20,000 crores
- making the DB Group firm the first of the new mobile licensees to have made a killing. Swan valuations
- 10 times
Source : Economic Times
4) Shyam Telelink paid Rs 1,626.32 crore to get 21 licenses.
Sistema in-principle agreed to buy 10% of the company for $11.4 m (Rs 45 crore) valuing thecompany at Rs 450 crore.
Govt of Russia) paid Rs 2,699 crore to get 17.14% of the company (Annexure-G) ; thus
valuing the company at Rs 15,750 crore
source firstpost
This pictures clearly shows Indian businesses were clearly gained from this, and loss of revenue for government.
Next post about Involvement of politicians in 2g Scams.
List of cancelled licenses
http://www.scribd.com/firstpost/d/80198932-List-of-122-Licences-Issued-on-10-January-2008
2G scam details on Wikipedia
http://en.wikipedia.org/wiki/2G_spectrum_scam
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