Part 2Trading income
Chapter 10Trade profits: certain telecommunication rights
146Meaning of “relevant telecommunication right”
In this Chapter a “relevant telecommunication right” means—
(a)
a licence F1granted under section 8 of the Wireless Telegraphy Act 2006 in accordance with regulations made under section 14 of that Act (bidding for licences),
(b)
an indefeasible right to use a telecommunications cable system, or
(c)
a right derived (directly or indirectly) from such a licence or indefeasible right.