Delhi High Court has said no to stay the spectrum allocation. It’s a resounding defeat for the COAI (the motley group of morons) and decided to press ahead with Reliance’s claims of having the right for dual licence. Further details on rediff story here. I am quite sure that an out of court settlement would be reached anytime soon. It would not be profitable for either party to indulge in costly legal battles and manage the nosy media either way.

In another significant draft notification from TRAI they have allowed for up to 74% if FDI in mobile TV. The details are sketchy but then let’s not bother. These fossilised morons are up to no good anyway. Still, the fact remains that mobile TV would be a reality and I am sure that a lot among you would be keenly watching midnight hour on fashion tv.

This has indeed come as a shock to the existing players. Reeling under the onslaught of media attention, Government is acting tough and pricey. It wants to take away the “excess” spectrum and “distribute” it to new players. Airtel, Vodafone and Idea would be worse affected.

It is not clear as to what “scientific methodology” has been adopted to calculate the excess spectrum. It is not clear from the media trial either. Nevertheless, most of these telecom players must be cursing their luck to have picked up a direct fight with Anil Ambani who played his cards very well. He first fired a salvo in the media and then finally with the government. Even Manmoron (our “esteemed” PM) had to intervene to sort out the matters. Because, in politics, money speaks.

I was not very keen to report something like this on the change of a calendar. Nothing seems to have changed as far as the situation on ground is concerned. The fight is going to turn more ugly unless the dumb idiots realise that it’s better to reach out of court settlement.