New Delhi, Aug 20: A number of cellular service operators in metro cities and telecom circles including Reliance, Modi Telstra, Usha Martin, RPG, Aircel, Fascel, Tata Communications, Escotel and Modicom have obtained DoT nod for restructuring their equity ratio and changing their partners.

Among the companies operating in metro cities, Modi Telstra, which was earlier known as Indian Telecom, has changed its holding pattern - Modisoft 51.1 per cent, Telstra International 25.26 per cent, Telstra South Asia Holding 23.74 per cent and Indian Management Advisor and Leasing 0.9 per cent.

At the time of bidding, the consortium was held by Modi Rubber 25 per cent, Indian MGT Advisor 15 per cent, Modi Holding 5 per cent, Fine Institute 5 per cent and OTC, Australia 50 per cent. Sterling Cellular, another consortium which has been allowed to change its promoters and equity ratio, was at the time of bidding At the time of bidding the consortium profile was HFCL 43 per cent, Kotak Mahindra 11 per cent, Bezeq, Israel 16 per cent and Shinawatra 30 per cent.

Hexacom India has changed its holding pattern to Shyam Telecom Ltd 40 per cent, Telecommunications Consultants India 30 per cent, Mobile Wireless Co Ltd, Mauritius 10 per cent, PCM Mauritius Private 10 per cent and Telesystems Mauritius 10 per cent. The only change the consortium made from the time of bidding was to replace Ali and Fouad MT, Kuwait holding 10 per cent stake with Telesystems. Tata Communications Pvt Ltd has not made any change in its equity ratio of Tata Industries 10 per cent, Tisco 10 per cent, Bell Canada 10 per cent. But it has incorporated Bell Canada Intl Inc, Mauritius 29 per cent and AIC Mauritius 10 per cent. However, the DoT note says that no proposal has so far been submitted for the balance equity.

The present status of Escotel Mobile Communications is Escorts 51 per cent, First Pacific, Hongkong 10 per cent, Personal Communications, Mauritius 39 per cent. At the time of bidding Escorts had 90 per cent stake followed by First Pacific Co 10 per cent.

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.