Merger rules for telecom deals eased

India will allow mergers between telecommunications carriers with up to 50 per cent combined market share, easing rules to spur deals in the crowded telecommunications sector.

The government, however, retained a plan to levy a fee on carriers if the merger involved low-priced government allocated airwaves, making deals costlier, in long-awaited mergers and acquisition guidelines released on Thursday.

Currently companies are allowed to merge if their combined market share does not exceed 40 per cent in any of the country's 22 telecommunications service areas. The market share includes their share of customers as well as revenue generated in a service area.

Narendra Modi or Rahul Gandhi? Who will win the battle royale of the Lok Sabha Elections 2019


Get real-time news updates, views and analysis on Lok Sabha Elections 2019 on Deccanherald.com/news/lok-sabha-elections-2019 


Like us on Facebook or follow us on Twitter and Instagram with #DHPoliticalTheatre for live updates on the Indian general elections 2019.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry