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Economy

India Telecom Commission eases spectrum limit rules for mobile phone operators

Reliance Jio, Vodafone India likely to benefit from higher caps

A sales person displays JioPhone at a store of Reliance Industries' Jio telecoms unit, on the outskirts of Ahmedabad, India.   © Reuters

MUMBAI (NewsRise) -- India's highest telecom decision-making body approved a recommendation to raise the limit of spectrum mobile phone companies can hold in a move that would likely hasten the pace of consolidation in the market.

The Telecom Commission recommended increasing the spectrum limit in one service area to 35% from 25%, while the limit in the sub-one gigahertz spectrum band has been expanded to 50% from 35%, a top government official, who declined to be identified, said Tuesday evening. The changes need approval from India's federal cabinet.

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