Government to unveil new telecom rules on Monday

India will unveil a much-awaited new telecoms policy on Monday, which is expected to include revised rules on grant and pricing of second-generation radio airwaves, in a bid to make the sector more transparent after it was hit by a massive scandal. The policy is also expected relax norms for mergers and acquisitions. India decided to overhaul its decade-old telecoms rules, after the an alleged scam in the grant of licences and radio airwaves in 2007/08 came to light late last year and a state auditor said the below-market price sale of licences could have lost the government up to $39 billion in revenue. Click here for full story