Cancel improper 2G licences: Montek at Davos

The new Telecom Minister Kapil Sibal, who termed the CAG's Rs 1.76 lakh crore figure of loss due to the 2G spectrum allocation as utterly erroneous, has now got some backing from Planning Commission's Deputy Chairman Montek Singh Ahluwalia. Speaking to NDTV in Davos, he said parallel can't be drawn between 2G and 3G and the calculation of loss by the CAG is incorrect. He, however, insisted that all licences that were improperly awarded should be cancelled.