India Lost Billions on Wireless Sales - WSJ.com: "An Indian government auditor condemned the telecommunications ministry's handling of a landmark allocation of mobile telephone spectrum, saying it caused more than $38.9 billion in lost potential revenue for the government.
The 76-page report by the Comptroller and Auditor General of India, presented to India's Parliament Tuesday, said the allocation of second-generation radio bandwidth had flouted 'every canon of financial propriety, rules and procedures.' It noted that the allocation in 2008 used the same fixed rates for bandwidth as were used in 2001 despite India's economic growth in the intervening period."
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