Unitech and Reliance Communication fall on 2G licenses

The Reliance Communication and the Unitech shares have been fallen down to about ten percent on Thursday after the government panel has declared that the 2G licenses would be offered in cheap price.
The strategy expert along with the research firm KRIS, Mr. Arun Kejriwal said that the investors want to examine that how these mobile operators Reliance Communication and Unitech get the hold of spectrum.
The Unitech, a Real estate firm has a telecoms joint venture with Norway’s Telenor. In the morning at 11.21 am the Reliance Communication shares fall down to around 8.6 percent which gets its price lower at 147.95 rupees while that of Unitech share falls down around 7.3 percent which s lower at 69.95 rupees.
The main Mumbai share market has to bear the share fall of around 0.4 percent. The whole scandal has forced the Telecom Minister, Andimuthu Raja to resign from his post.