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TOUGH STAND: DOT TIGHTENS M&A NORMS (to ensure competition among operators).
The Department of Telecommunications (DoT), Government of India, has made more stringent the norms for mergers and acquisitions (M&A) among telecom companies to ensure that there are more than eight operators in every circle leading to increased competition. The guidelines, based on the recommendations of the Telecom Regulatory Authority of India, include prior approval of DoT for merger of licenses, market share of the merged entity …
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