Saturday, 9 July 2016

Freeze Aircel spectrum, stop deal with Airtel, RCom: Prashant Bhushan

NEW DELHI: Activist-lawyer Prashant Bhushan today demanded immediate freezing of spectrum held by Aircel, alleging that its Malaysian parent Maxis will "abscond" if the proposed deals with AirtelBSE -2.28 % and RCom are allowed to go through. Aircel has entered into an agreement with
Bharti AirtelBSE -2.28 % to sell its 4G spectrum in eight circles for Rs 3,500 crore. Besides, the company and RCom are in talks to merge their mobile business into a combined entity with 19.3 per cent of total spectrum allocated to the industry - the highest in the country by an entity. In a letter to the CBI and Enforcement Directorate, Bhushan said, "It is strange and disturbing that while properties of former telecom minister and Sun Direct TV are being attached, but the assets of Aircel/Maxis in India have not been attached.

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