Department of Telecom finalises MA norms

Oct 31, 2013, 08.51 PM IST

The telecom industry, emerging from a bruising tariff war amid intense competition, has long sought rules that will spur consolidation. The industry has said that India's market can at best accommodate five to six players.

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Department of Telecom finalises M&A norms

The telecom industry, emerging from a bruising tariff war amid intense competition, has long sought rules that will spur consolidation. The industry has said that India's market can at best accommodate five to six players.

Like this story, share it with millions of investors on M3

Department of Telecom finalises M&A norms

The telecom industry, emerging from a bruising tariff war amid intense competition, has long sought rules that will spur consolidation. The industry has said that India's market can at best accommodate five to six players.

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The long awaited telecom merger and acquisition guidelines have been finalised by the Department of Telecommunications. The new M&A norms will be taken up on November 6 by the Telecom commission comprising of members from the DoT, the finance ministry, planning commission and Department of Industrial Policy and Promotion (DIPP) amongst others, reports CNBC-TV18's Malvika Jain.

Also Read: Telecom user base grows marginally to 90.61 cr in Aug

The norms will be notified once they've been approved by DoT's highest decision making body. One of the key points in the proposed regulations pertains to raising cap on market share of the merged entity to 50 percent. This will provide headroom to large telcos like Bharti Airtel and Vodafone to acquire smaller players in some of the circles.

The telecom industry, emerging from a bruising tariff war amid intense competition, has long sought rules that will spur consolidation. The industry has said that India's market can at best accommodate five to six players. Notification of the new norms could pave the way for some big ticket M&A deals in the telecom sector.

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