Telecom set to surge as Trai sticks to its guns

If the government doesn’t play spoilsport and decide not to implement the Trai’s original recommendations—it reiterated these yesterday in response to the Telecom Commission’s queries in early October—chances are the telecom sector is set to blossom after several wasted years. Not only will the Trai’s recommendation to lower the reserve price for the forthcoming 2G auction by around 60% help spur investor interest, the M&A policy being worked on by the government—it will be announced next week—is a lot more progressive than in the past and will facilitate mergers between even large and mid-sized players.

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