India will let cellular carriers share airwaves and allow for consolidation in a crowded industry that has been battered by ferocious competition and a multi-billion-dollar scandal, under new proposals announced on Monday.
The draft policy will "facilitate consolidation in the converged telecom service sector while ensuring sufficient competition," Telecoms Minister Kapil Sibal said as he announced several new initiatives for the sector in a draft of the policy.
Many of the details are still to be worked out, and the policy is expected to be finalised by December.
Some key proposals:
Text & Images: Reuters