Advertisement

HindustanTimes Mon,22 Dec 2014

Vodafone may have to sell Airtel stake

HT Correspondent, Hindustan Times  New Delhi, July 10, 2013
First Published: 21:43 IST(10/7/2013) | Last Updated: 21:45 IST(10/7/2013)

Vodafone may have to sell its 4.4% stake in Bharti Airtel if the Department of Telecommunications accepts a report by its panel to abolish cross holding between operators providing services in the same area.

Advertisement
Current norms allow promoters of a telecom company to have up to 10% stake in another firm in the same circle. However, a panel on new licensing norms has suggested that a company providing services in an area should not own any equity in another operator in the same area.


Advertisement
more from Infotech-Telecom

DoT snubs Trai call on spectrum pricing

The government may not accept Telecom Regulatory Authority of India’s (Trai) recommendations to reduce the reserve price for cellular radiowaves (spectrum) by up to 46% in the auction slated for January.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved