M&A Rules May Take Longer Than Oct 15: MF Farooqui
  • Elizabeth George
  • Oct 04 2013

October 4: M.F. Farooqui, Telecom Commission Chairman and Secretary at DoT, says we need to view M&A, trading, sharing and higher FDI together and growth will return once all policy actions are complete. Sustained growth, not consolidation, is the government’s objective, he says, adding that the most efficient players will grab M&A opportunities. He is confident of conducting the next auction in January, 2014, but refuses to comment on the final outcome on refarming.