Deals
India Mobile Operators Allowed to Trade Spectrum in M&A Boost
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India allowed mobile-phone operators including Vodafone Group Plc to trade wireless airwaves with rivals as part of new rules that may prompt consolidation in the sector. Shares of carriers rose.
Trading airwaves will be permitted if they have been acquired through an auction since 2010 or the operator paid the market value to acquire them initially, according to a government statement in New Delhi Wednesday. Operators can only sell spectrum after two years of ownership and will need to clear all dues before any transactions.