The Department of Telecommunications (DoT) could release the much-awaited mergers and acquisitions (M&A) guidelines of telecom companies by this month-end.

“The M&A guidelines will be out within a week or 10 days,” Telecom Secretary M. F. Farooqui told journalists here on Wednesday. The Empowered Group of Ministers (EGoM), which is looking into the issue, has approached the Law Ministry seeking opinion on whether consolidation of companies would amount to sale of equity, thus violating telecom licence conditions related to lock-in period.