The Competition Commission of India (CCI) has asked the Department of Telecommunications (DoT) to consult it before finalising any policy pertaining to mergers and acquisitions to avoid regulatory overlaps.
In its letter to DoT, CCI has emphasised that it is responsible for regulating anti-competition combinations, while sectoral regulators such as the Telecom Regulatory Authority of India (TRAI) and the Insurance Regulatory and Development Authority have the mandate to frame policies to encourage competition.
CCI?s letter follows TRAI?s suggestion to permit mergers even if the combined market share of the merged entity was less than 60 per cent. This is a substantial increase over the current 40 per cent limit.
