Telecom M&A guidelines may be announced this week: Sibal

The Government may finally announce its much awaited, first-ever policy on mergers and acquisitions for the telecom sector this week.

“It (mergers and acquisition guidelines) has been cleared by the Telecom Commission. We will announce it any day now. Probably in the coming week,” Telecom Minister Kapil Sibal.

The inter-ministerial panel Telecom Commission on November 6 approved the guidelines which will allow telecom companies to acquire operators in a manner that the market share of the resultant entity does not exceed 50 per cent.

The M&A policy is expected to further infuse investment in the sector.

India’s telecom sector, which has 13 mobile service providers, is expected to see consolidation as some of them, under huge debts and unable to generate profits, may look to exit the market.

Source: http://cablequest.org/news/telecom-news/item/3528-telecom-m-a-guidelines-may-be-announced-this-week-sibal.htmlource: http://cablequest.org/news/telecom-news/item/3528-telecom-m-a-guidelines-may-be-announced-this-week-sibal.html