The Signal Trade
How spectrum quietly changed hands before the auction.
New Delhi·By R. Okonkwo & Asha Verghese·Delhi desk
Ownership of two bidding entities moved, through a holding company registered in a third jurisdiction, eleven days before sealed bids were submitted. Nothing in the filings was untrue. Everything material was in a footnote.
What it changed
Auction rules amended to bar pre-bid transfers of holding companies.
Archive entries are preserved as filed. Where later events changed the record, a note is appended rather than the original text amended — see our corrections policy.