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Article: NEW TELECOM OPERATORS CAN'T SELL STAKES FOR THREE YEARS: GOVERNMENT

Article from:
The Hindustan Times
Article date:
November 25, 2008
Copyright

Report from Indo-Asian News Service brought to you by HT Syndication.

New Delhi, Nov. 25 -- (IANS) Mergers and acquisitions between new telecom operators will be allowed only if they have completed three years of operations after being issued licenses, Telecom Minister A. Raja said here Tuesday.

Additionally, the market share of the merged entity in the relevant telecom region should not be more than 40 percent either in terms of subscribers separately for wireless and wired line phones, or in terms of adjusted gross revenue (AGR), he said.

"We have referred the three-year lock-in period to TRAI (Telecom Regulatory Authority ...

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