(a) whether the Telecom Regulatory Authority of India (TRAI) has sought views of the
Ministries concerned regarding easing of ban on sale of telecom promoters’ equity during the
lock-in period;
(b) if so, the details thereof the the reasons therefor alongwith the reaction of these
Ministries thereto;
(c) the total number of telecom companies to be benefited therefrom; and
(d) the time by which the said proposal is likely to be implemented?
THE MINISTER OF STATE IN THE MINISTRY OF COMMUNICATIONS AND
INFORMATION TECHNOLOGY (SHRI GURUDAS KAMAT)
(a) to (d) The issue relating to lock-in-period for sale of promoter’s equity of the Unified
Access Services (UAS) licensee company was under consideration of the Government and the
recommendations of Telecom Regulatory Authority of India (TRAI) were also sought on 24.11.2008
which was received on 12.03.2009.
On 23rd July, 2009, Government has decided that there shall be a Lock-in-period for sale of equity
of a person whose share capital is 10% or more in the UAS licensee company on the effective date
of UAS licence and whose net-worth has been taken into consideration for determining the
eligibility for grant of UAS license, till completion of three years from the effective date of
the UAS licence or till fulfillment of all the rollout obligations, whichever is earlier, subject
to certain other conditions. Necessary amendment in the UAS licence agreement(s) in this regard
have also been issued on 23.07.2009.