“consolidation” has the meaning given to it in the code of practice referred to in section 32C;
“designated telecommunication licensee” means a telecommunication licensee which has been declared or which is of a class of telecommunication licensees which has been declared by the Authority, by notification in the Gazette, to be a designated telecommunication licensee for the purposes of this Part;
“ownership interest” has the meaning given to it in the code of practice referred to in section 32C;
“voting share” has the same meaning as in section 4(1) of the Companies Act (Cap. 50).
(2) In relation to a designated telecommunication licensee the whole or a portion of the share capital of which consists of stock, an interest of a person in any such stock shall be deemed to be an interest in an issued share in the designated telecommunication licensee having the same nominal amount as the amount of that stock and having attached to it the same rights as are attached to that stock.
(3) The Authority may, by notification in the Gazette, vary or revoke any declaration of a designated telecommunication licensee.