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(1) A holder of a frequency authorization shall

(a) pay the fees specified by the Authority,

(b) strictly adhere to the authorized frequency band,

(c) not assign the frequency authorization without the written approval of the Authority,

(d) on a request made by the President and subject to the Constitution co-operate with the Government in matters of national security, and

(e) observe the Regulations made under this Act and the conditions of the authorization.

(2) A person who has a significant interest in the holder of a frequency authorization shall not sell, transfer, charge or otherwise dispose of that interest, or any part of that interest, unless that person gives the Authority at least thirty days’ notice in writing before the proposed transaction.

(3) A holder of a frequency authorization shall not without at least thirty days’ notice to the Authority

(a) cause, permit or acquiesce in a sale, transfer, charge or other disposition of a significant interest in the holder, or

 (b) issue or allot any shares or cause, permit or acquiesce in any other re-organization of its share capital that results in

 (i) a person acquiring a significant interest in the holder, or

 (ii) a person who already has 'a significant interest in the holder, increasing or decreasing the size of that interest.

(4) The written approval of the Authority is not required where a sale, transfer, charge or other disposition is the result of an internal re-organization of a body corporate and does not constitute ultimate transfer of control of a holder but the holder shall, as soon as is reasonably practicable, notify the Authority of the nature and extent of the sale, transfer, charge or other disposition.