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India Govt Seeks Court Review of Telecom License Scrapping

March 1 (Bloomberg) -- India’s government filed a petition with the Supreme Court seeking a review of its order to cancel permits to run telephone services, Rakesh Sharma, a registry official at the top court, said.

The Supreme Court Feb. 2 canceled 122 licenses, issued in 2008, in response to petitions from non-government organizations and individuals questioning the validity of the award which sparked the nation’s biggest corruption investigation.

The court canceled permits held by companies including Idea Cellular Ltd., Unitech Wireless Pvt., Etisalat DB Telecom Pvt., Loop Telecom Ltd., Videocon Telecommunications, Sistema Shyam Teleservices Ltd. and S Tel Ltd. The court said Feb. 2 that the companies may continue with their operations for four months.

-- With assistance from Malavika Sharma in New Delhi. Editors: Mark Williams, Jay Shankar

To contact the reporter on this story: Pratap Patnaik in New Delhi at ppatnaik2@bloomberg.net

To contact the editor responsible for this story: Mark Williams at mwilliams108@bloomberg.net

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