Indian ministers look to promote telecoms consolidation

29 November 2013 | Kavit Majithia


Indian ministers will come together next week to discuss M&A guidelines and spectrum charges in the country, in a bid to promote increased consolidation.

The Empowered Group of Ministers (EGoM) on telecoms are set to meet on Tuesday to discuss M&A guidelines, with local reports citing an unnamed member of the Department of Telecommunications (DoT) as its source.

After the Indian government removed restrictions on foreign ownership of its companies earlier this year, the DoT’s telecoms commission has been keen to attract investors. The Indian cabinet has already released broad guidelines on telecoms M&A.

The EGoM is reportedly looking at making decisions on contentious aspects of M&A policy, which include spectrum charges for merged entities and the amount of fees companies would have to pay to the state.