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 90.25BSE Quote0.85 (0.94%)
NSE 90.30NSE Quote0.95 (1.05%)
Bharti Airtel: Quotes, News
BSE 421.60BSE Quote5.05 (1.20%)
NSE 421.00NSE Quote4.65 (1.10%)
"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.

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