Telecom Minister Kapil Sibal unveiled new norms for the telecom sector. India will allow mergers and acquisitions in the telecoms sector that create combined market share of up to 35%, under a quick and simple process.
In an interview to CNBC-TV18, JS Sarma, chairman of the Telecom Regulatory Authority of India (TRAI) is glad that there is a greater clarity and decisions have been taken. According to him, the road ahead is clear. "I think that should augur well for the telecom sector," he adds. Below is the edited transcript of his interview on CNBC-TV18. Also watch the accompanying videos. Q: What is your first response to the announcement by the Department of Telecom? What do you make of the final decision on the recommendations that you had made? A: I am happy that the Department of Telecommunications has taken these decision. These recommendations were originally made in May 2010. Thereafter, we clarified various issues in February and November 2011. So, I am glad that there is a greater clarity and decisions have been taken. So, the road ahead is clear. I think that should augur well for the telecom sector. Q: The initial reactions, atleast in some reports, post the original recommendations in May 2010, were dictated perhaps by the feeling that this was not going to be good for industry. Today, if you do a quick recap of all the decisions that have been taken, there isnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
