Aditya Birla Group chairman Kumar Mangalam Birla on Tuesday said that the cancellation of nine telecom licenses of its flagship telecom arm Idea Cellular came as a bolt from the blue and the company will be taking recourse to rectify the situation.
This has come as a bolt from the blue, Birla said at a Nasscom function. Our case is completely different from the others. The Supreme Court on February 2 cancelled 122 licenses of eight telecom companies which included nine licenses of Idea Cellular. The court has left it to the telecom regulator Trai to create a road-map for re-auction of the spectrum. However,Idea had applied for telecom licences in the year 2006,but was given the spectrum in 2008 along with the other new entrants in the sector.