1. The Telecom Regulatory Authority of India (TRAI) has put forth recommendations to the Department of Telecommunications (DoT) that effectively increase the cost of additional spectrum for telecom operators, and reduce the possibility of big ticket mergers and acquisitions:


    M&A; Policy:

    - No M&A; activity allowed if post-merger, less than four operators remain in the relevant market.

    - The market share of the merged entity in the relevant market should not be more than 40 percent of subscriber base and/or revenue.

    - Operator cross-holdings: Acquisition of equity capital up to 10% of a telecom licensee by ... (Read Full Article)

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