2G scam: Videocon to file Rs 10,000 crore compensation suite against govt

New Delhi, Dec 23: Due to the alleged 2G scam Supreme court in 2012 cancelled 122 telecom licence in 2G spectrum allocation which included 15 licences of Videocon.

After CBI court gave clean chit to all accused in 2G spectrum allocation case, Videocon is planning to file compensation suite against the government to compensate losses done by to SC judgement.

"Videocon Telecommunications is planning to file compensation suite against the government for at least Rs 10,000 crore. The damage is estimated to be more than Rs 10,000 crore and the company is working on final amount that is to be claimed," a source close to senior management said.

Following the apex court judgement, Videocon participated in spectrum auction and purchased permit in 1800 MHz band, then known as 2G spectrum, across six circles - Bihar, UP (East), UP (West), Haryana, Madhya Pradesh and Gujarat in November 2012 for Rs 2,221.44 crore.