Merger loophole for CDMA players in TRAI recommendations ?

Whilst merger of two GSM licenses as per the current TRAI recommendations would invite huge payments to the govt for one part of 6.2Hz or more held at difference of spectrum price and that paid, which will thus ruin the business case of the merger totally. .....

However it seems at first instance that IF A CDMA PLAYER MERGES WITH A GSM PLAYER, this payment to the government will not be mandated. This means that if SSTL merges with any of the GSM players, the outgo to the govt will be negligible whilst the other synergies ( GSM players' focus on voice and SSTL focus on data) of the two companies merging would benefit the shareholders as full valuation may be realized......

We hope the management is keeping its options open ...!!!