India eases market share rules for telecom deals, imposes spectrum fee

Tags: News
India will allow mergers between telecommunications carriers with up to 50 percent 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 percent in any of the country's 22 telecommunications service areas. The market share includes their share of the customers as well as the revenue generated in a service area.

Government officials have previously shared the broad contours of the new mergers and acquisition rules.

EDITORIAL OF THE DAY

  • No ifs and buts, please, in India’s engagement with Iran

    Some foreign policy purveyors in this country have for long insisted that India does not leverage its civilisational connections as it should or is ca

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture