Amp Capital sells down stake in Telecom
AMP Capital Investors has sold down its stake in Telecom to below 5 per cent, taking advantage of a stock price trading around its highest levels in four years.
Telecom stocks came under the hammer at the bourses on Tuesday as leading wireless operator lost 5-7 per cent after reports that new telecom companies planning to enter the Indian market to offer 3G services may have to pay 3 per cent of their aggregate revenues to the government.