Having realised that no real consolidation can take place in the telecom services space unless spectrum trading is allowed, the department of telecommunications (DoT) has now decided to seek a roadmap for moving towards it from the Telecom Regulatory Authority of India. It would also seek fresh recommendations from the regulator on the merger and acquisition guidelines in the context of spectrum trading, government officials said. Sources said the DoT decided to look at trading in spectrum and drawing up fresh M&A guidelines in this context by seeking vital inputs from the Trai after getting feedback from the industry that the current draft M&A norms were lacklustre and would not be of any consequence. Further, in the recently floated consultation paper on spectrum pricing the Trai has sought the industry's comments whether trading in spectrum should be allowed, going beyond the specific reference of the DoT.
Source : Financial Express
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