Executives of three Indian companies, including billionaire Anil Ambani's Reliance business group, and a former telecommunications minister face charges over a sale of second-generation mobile phone spectrum.
Investigators filed charges Friday, setting the stage for trials in what may be India's biggest case of political corruption. Prime Minister Manmohan Singh agreed in February to a parliamentary probe of the licence sales, after opposition protests paralysed legislation.
"If licences are cancelled, then spectrum could suddenly become available again, and that would definitely help the sector," said Kunal Bajaj, head of Analysys Mason India Pvt., a telecommunications strategy consultancy in New Delhi.
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