The Telecom Regulatory Authority of India (TRAI) has published its response to the Department of Telecommunications? (DOT) views on its recommendations regarding Spectrum Management and Licensing Framework dated May 2010.
While TRAI has reiterated its earlier stance on most of the issues, especially related to spectrum and licensing, the key proposals which have been revised are with respect to the mergers and acquisitions (M&A) and spectrum sharing. Stringent regulations with respect to mergers, acquisitions and sharing of spectrum/licences have stymied prospects of industry consolidation in the past.
TRAI has now recommended more liberal M&A and spectrum sharing norms, which are expected to facilitate consolidation in the telecom industry.
The full report is attached.
