Thu, 06 Dec 2012 09:30:00 GMT | By PTI

Foreign telecom companies can't claim damages from govt in 2G case: AG

Foreign investors in Sistema Shyam Teleservices, Uninor and Loop Telecom have served notice to government under provisions of international trade agreements seeking damages


New Delhi: In a setback to foreign telecom players such as Sistema and Telenor, attorney general Goolam Essaji Vahanvati is believed to have reiterated his earlier stand that such players cannot claim damages for cancellation of their 2G licences by an order of the Apex Court. (© Reuters)

New Delhi: In a setback to foreign telecom players such as Sistema and Telenor, attorney general Goolam Essaji Vahanvati is believed to have reiterated his earlier stand that such players cannot claim damages for cancellation of their 2G licences by an order of the Apex Court.

Vahanvati is learnt to have written that he is "unable" to reconsider his earlier opinion and has reiterated what he had stated previously, sources with direct knowledge of the matter said.

Foreign investors in Sistema Shyam Teleservices, Uninor and Loop Telecom have served notice to government under provisions of international trade agreements seeking damages claim from it for failing to protect their investments.

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