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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.

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.

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