Business Standard

Monday, January 06, 2025 | 07:23 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

COAI wants regulator to review telecom M&A guidelines

Image

IANS New Delhi

The Cellular Operators' Association of India (COAI) has requested the Telecom Regulatory Authority of India (TRAI) to take a comprehensive review of the merger and acquisition (M&A) guidelines.

"To facilitate consolidation in the sector, it is important that the M&A guidelines be reviewed and modified to promote orderly growth of the sector," COAI director general Rajan S. Mathews said in a letter to TRAI chairman Rahul Khullar.

The guidelines were notified in February.

Mathews also noted that the Indian telecom market is a highly competitive market with 12 operators as compared to global average of three to four.

"We request authority to initiate a suo moto consultation on M&A policy so as to enable a comprehensive review of the guidelines with participation of all the stakeholders," he said.

 

"It is important to review and put in place conducive M&A policy norms to provide impetus for consolidation in the sector. No M&A activity took place during the last 10 years under the various M&A policy guidelines issued by the DoT (Department of Telecom) from time to time," Mathews said.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 31 2014 | 8:00 PM IST

Explore News