Liberal M&A and FDI policies will attract investors towards telecom sector: Kapil Sibal

Liberal M&A, FDI policies to attract investors to telecom
Union Minister for HRD Communications & IT and Law & Justice Kapil Sibal on Friday said that a combination of liberal M&A and FDI policies will facilitate the required investments, and spur renewed activity in the telecommunication sector.

Speaking at the CII National Telecom Summit 2013, organized in partnership with Department of Telecommunications, the minister remarked that "industry and government need to empower the common man through affordable services, data and devices". He also stressed on the urgent need to establish an indigenous facility in the country.

Kapil Sibal also released an A.T. Kearney - CII white paper on "Serving India's Digital Consumer", on the occasion.

Mohit Rana, Partner, A.T. Kearney said that delivering to expectations of the 600 million 'digital customers' in 2020 will require operators to develop new capabilities and ecosystem partnerships. The government needs to provide adequate spectrum at market relevant prices, which will bring back capital investments in the sector.

The summit with theme "Building communications: Accelerating development" was attended by representatives from government, leaders from the Indian telecom, IT and electronics industry including Samsung, Qualcomm, EMC2, ATC, BSNL and NEC, and focused on growth opportunities in telecom business and necessary imperatives to carve out a sustainable growth roadmap.

Read more about: telecom, fdi, m and a
Story first published: Monday, August 5, 2013, 13:10 [IST]
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