Long wait for the telecom industry for the new merger and acquisition guidelines will soon be over. Telecom secretary M F Farooqui today said that the new merger and acquisition (M&A) policy will be announced by the end of this month. He was speaking at a broadband summit organized by Confederation of Indian Industries.
Though the new M&A guidelines are already in the public domain, the department of telecommunications (DoT) has to officially announce it. The new merger and acquisitions will take place under the new guidelines that are much liberal than the old guidelines. |