2G: Holistic Risk Management by Telecom Companies Lacking

2G: Holistic Risk Management by Telecom Companies Lacking             The ruling by India’s Supreme Court canceling 122 licences allotted by the Government of India for 2 G Telecommunications spectrum is a classic example of how lack of holistic risk management has led companies to invest large sums amounting to millions of dollars only to come to grief at the hands of judical authorities in India.  Had the companies carried out credible due diligence systemic loopholes would have been evident. First come, first served clause in selling valuable national resource as spectrum is evidently faulty as it entails resorting to chance and is not based on competitive bidding as is the case in most such allotments. ...
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