The Telecom Commission (TC) has reportedly reached a consensus on permitting liberal merger and acquisition (M&A) norms to promote consolidation in the Indian telecom market.

Further, the Commission has agreed that the annual revenue share be fixed at a uniform 8 per cent for all operators.

Currently, the revenue share varies, based on factors such as service and region.

The commission also gave the go-ahead to the Telecom Regulatory Authority of India?s (TRAI) proposal to impose a one-time fee on incumbent GSM operators on the excess spectrum they hold beyond 6.2 MHz.

The commission will convene once again on December 13-14 to fine tune each of the policy decisions on which it has reached a consensus.