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Govt to conclude talks on telecoms M&A in one week: secretary

Govt to conclude talks on telecoms M&A in one week: secretary

New Delhi: India’s Telecom Commission expects to conclude discussions within a week on proposals from the country’s telecoms regulator on pricing of second-generation spectrum and mergers and acquisitions in the sector, a top official said on Monday.

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The commission will meet again on 1 Dec to consider the proposals, he said.

This month, the Telecom Regulatory Authority of India (TRAI) proposed a relaxation of rules for M&A in the telecoms sector in a move to facilitate a long-awaited consolidation in the 15-player market, among other recommendations.

The regulator had also proposed steep increases in spectrum prices and a one-time fee on spectrum beyond 6.2 megahertz, that drew howls of protest from carriers.

The regulator’s proposals have to be approved by the telecoms ministry to become law.

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