After real estate developers Parsvnath, DLF and Unitech, another real estate, insurance and share brokerage co Indiabulls has announced that it has applied for a telecom licence, reports ET. The group believes that telecom has synergy with real estate, since each home buyer or corporate client can be a potential customer. So that’s HFCL, DLF, Parsvnath, Indiabulls, and Shippingstop.com (reportedly Essar) who have applied for pan India licences, among many others. But then licence isn’t yet linked to spectrum – you can get a licence, but will have to wait for spectrum.
I wonder how much of an impact these telecom licence announcements have had on the share price of the listed companies…
Update: Reuters (NSDQ: RTRSY) reports that the telecom ministry has set October 1st as the deadline for licence applications, but not given any reason for choosing that date.
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