M&A guidelines for telecom companies likely this week: Kapil Sibal

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M&A guidelines for telecom companies likely this week: Sibal
The telecom minister Kapil Sibal has said that government may announce the much-awaited guidelines on mergers and acquisitions in telecom sector this week.

A PTI report quoted Sibal as saying "It (Mergers and acquisition guidelines) has been cleared by Telecom Commission. We will announce it any day now. Probably in coming week."

As per the reports, the new guidelines would allow telecom companies to acquire each others in a way that any resultant entity doesn't hold more than 50 per cent share of the market size.

Dion Global Solutions Ltd.

Story first published: Monday, November 11, 2013, 9:20 [IST]
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