Kapil Sibal questions telecom secretary on crossholding rules
Telecom minister Kapil Sibal has asked telecom secretary MF Farooqui to check if the crossholding rules in the existing Unified Access Service Licence system should be aligned with the new unified licensing regime, according to an internal note seen by ET.
At present under the Unified Access Service Licence (UASL) system, mobile phone companies can hold up to 10% in a telecom company operating in the same circle. But the new licensing regulation (UL) doesn’t allow any crossholding in the same circle.
#Unified Licensing regime#Unified Access Service Licence system#MF Farooqui#Kapil Sibal