Aug 06, 2013, 09.19 PM IST
Telecom operators acquiring rivals will have one year's time to conform with cross holding norms that prohibit companies from having more than 9.9 percent stake in competing firms.
In fact, under the norms for new Unified Licence regime announced last week, operators are completely barred from holding any stake in a rival company.
Also read: 2G case: Anil Ambani exempted from appearing in court
Consequent upon the merger of licences, the total spectrum held by the resultant entity should not exceed 25 percent of the spectrum assigned, by way of auction or otherwise, to it in the concerned service area in case of GSM spectrum services which include 900 and 1800 megahertz (MHz) bands frequencies.
Video of the day
Dec 11 2013, 09:54
- in Business
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.