Telecom sector: On the cusp of consolidation

The hyper-competitive telecom industry, reeling under the pressure of stressed margins, has been eagerly awaiting a policy around mergers and acquisitions, to initiate consolidation. The draft of the National Telecom Policy 2011 (NTP), provided some direction on the mergers and acquisition policy. TRAI's recent recommendations on spectrum management and licensing framework, is expected to fuel consolidation in the industry.

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