Telecom M&A guidelines in a week: Telecom Secretary


The long-awaited merger and acquisition guidelines for the telecom sector are likely to be released in a week, a senior government official said today.NEW DELHI: The long-awaited merger and acquisition guidelines for the telecom sector are likely to be released in a week, a senior government official said today.

“M&A guidelines shall be published in a week. We have received legal opinion today which is being examined,” Telecom Secretary M F Farooqui told reporters here.

The Empowered Group of Ministers (EGoM) has already approved the M&A guidelines but it may need a Cabinet approval if legal opinion finds that the consolidation activity amounts to sale of equity.

As per the guidelines approved by EGoM, market share of a merged entity should not exceed 50 per cent of the subscriber base. Read more

Source: http://economictimes.indiatimes.com/

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Categorised in: Sector News, Telecom

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