Bharti Airtel, Idea Cellular, Reliance Communication and Tata Teleservices shares gained between 1-5 per cent on Thursday as telecom operators will now be able to share spectrum with other service providers.
The Cabinet yesterday approved spectrum sharing norms enabling operators to share their allocated spectrum with a maximum of two other operators in the same band within a licence area. Operators will have to pay an additional 0.5 per cent charges to the government for sharing spectrum.
Analysts say the spectrum sharing norms will benefit operators with bigger subscriber base as they can share the unutilised spectrum of other telecom operators. Spectrum sharing will also improve spectrum usage efficiency and will reduce call drops.
Bharti Airtel shares ended 3.49 per cent lower, Idea Cellular closed 2.75 per cent lower, while Reliance Communication shares closed with 9.9 per cent loss.
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