Advertisement

HindustanTimes Sat,12 Jul 2014

3G auction soon, M&A guidelinesby Nov 1: Sibal

Agencies, Hindustan Times  New Delhi, October 15, 2013
First Published: 23:47 IST(15/10/2013) | Last Updated: 23:49 IST(15/10/2013)

The government could hold another round of 3G spectrum auction, and much-awaited guidelines for telecom mergers and acquisition (M&A) will be out in about two weeks, telecom minister Kapil Sibal said on Tuesday.

Advertisement

Sibal said it was “possible” that 3G spectrum auction, which would be the first since 2010, could be held. But he gave no timeline for this.
The government plans to auction 4G airwaves in the 700 megahertz band in “a year or so”, he added.

The guidelines were expected to be released on Tuesday. “It will take two weeks more,” Sibal said when asked about status of the guidelines announcement.
According to M&A guidelines in works, incumbent service providers participating in consolidation activities will have to convert their old licence to unified licence, sources said.

The minister added that he was hopeful that mergers between operators accounting for a combined market share of up to 60% will be allowed. PTI & Reuters


Advertisement
more from Infotech-Telecom

DoT snubs Trai call on spectrum pricing

The government may not accept Telecom Regulatory Authority of India’s (Trai) recommendations to reduce the reserve price for cellular radiowaves (spectrum) by up to 46% in the auction slated for January.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved