Trai seeks public views to fast-track, simplify M&A process in telecom sector

Telecom regulator Trai has invited public comments to reform merger and acquisition rules in the sector, to simplify and expedite the process and avoid litigation. The Telecom Regulatory Authority of India (Trai) issued a consultation paper on reforming the guidelines for transfer and merger of telecom licences following reference from the Department of Telecommunications (DoT) to simplify and fast-track approval for mergers and acquisitions (M&As).
The National Digital Communication Policy (NDCP) 2018 under the ‘Propel India’ mission envisages to reform the existing M&A rules to enable simplification and to fast-track approvals to catalyse investment for the digital communications sector.
“A consultation paper…has been released providing the background information and seeking inputs of the stakeholders on reforms required to be made in the existing guidelines on transfer/merger of licences to enable simplification and fast-tracking of approvals.” Trai said in a statement.