Shares in telecom companies rose sharply after reports that the government would take up the issue in June.

The Economic Times quoted Telcommunications Minister Ravi Shankar prasad as saying that the spectrum sharing issue would be taken up by the cabinet by the end of June.

This led to s sharp rally in the share price of RCOM, Bharti and Idea Cellular. There are hopes that companies can improve their profitability if there is a spectrum sharing agreement. How far this is approved by the Union Cabinet remains to be seen.

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