Telecom Shares Rally As Telecom Operators Allowed To Share Airwaves

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Shares in Bharti Airtel rose 2.8 percent and Idea Cellular jumped 1.2 percent after the government allowed telecom operators to share airwaves in the same band to reduce call drops. However, RCOM shares dropped following the decision.

Telecom Shares Rally As Telecom Operators Allowed To Share Airwaves
Idea Cellular: Quotes, News
BSE 90.00BSE Quote6.95 (7.72%)
NSE 90.00NSE Quote6.9 (7.67%)
Bharti Airtel: Quotes, News
BSE 465.95BSE Quote12.95 (2.78%)
NSE 465.95NSE Quote12.65 (2.71%)
"Fulfilling the government's commitment to improve spectral efficiency and quality of service, which is very essential to fulfill the dream of Digital India, the Union Cabinet chaired by the Prime Minister, Narendra Modi, on Thursday gave its approval to the guidelines on spectrum sharing, arising from the recommendations of the Telecom Regulatory Authority of India (TRAI)," a press release stated.

"Spectrum sharing will be restricted to sharing by only two licensees subject to the condition that there will be at least two independent networks provided in the same band," the statement said.

Read more about: bharti airtel, rcom, idea cellular
Story first published: Thursday, August 13, 2015, 11:18 [IST]
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