E-GOM to decide on telecom M&A norms on Nov. 22

The long-awaited merger and acquisition (M&A) guidelines for the telecom sector will be announced after the Empowered Group of Ministers meeting on November 22, Union Telecom Minister Kapil Sibal said on Wednesday

“For pricing issue we have to go to EGoM. EGoM meeting is fixed on 22nd. So the moment that meeting is over, we will have the M&A policy,” Mr Sibal said on the sidelines of CII’s Services Conclave 2013.

The M&A guidelines, were earlier expected to be announced this week.

The Telecom Commission has recommended that companies be allowed to acquire another operator in a way that market share of the resultant entity does not exceed 50 per cent.

Apart from various charges associated with M&As, EGoM will also decide on spectrum related issues, as to how much spectrum should be retained by the new entity.

A letter from the Editor

Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | May 25, 2020 8:11:21 AM |

Next Story