Is there anything in the rules which prevents two licensees from merging or taking an ownership interest in each other following the grant of their 3G licences?
Merger or acquisition activity after grant of licences would in general be subject to competition law, not the auction rules. However, any collusion or passing of Confidential Information (as defined in the Notice) before the grant of licences and in breach of the provisions of the Notice would be grounds for revocation of a successful bidder s 3G WT Act Licence. 2.
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