On Monday, government officials in India unveiled a new draft telecom policy that is intended to boost the availability of broadband services nationwide and the spectrum needed to provide such services. Although India currently ranks as the world’s fastest growing wireless market with more than 900 million subscribers, fierce competition among fifteen national operators has squeezed operator revenues. The release of the draft guidelines comes in the wake of a national scandal over the allocation of second-generation mobile phone service licenses that has eroded investor confidence and that also resulted in the jailing of India’s former telecommunications minister along with several government officials and corporate executives. Constituting the first major change in telecom regulation in more than a decade, the draft policy sets the goal of achieving 175 million broadband connections of 2 Mbps or faster by 2017 and 600 million such connections by 2020. The policy calls for the allocation of an additional 300 MHz of spectrum for advanced wireless use by 2017 that would be followed by a further tranche of 200 MHz by 2020. Such spectrum would be allocated in a “transparent manner” with prices to be set by the market rather than by regulators. To promote a more seamless market, a “one nation-one license” policy would be enacted that would eliminate wireless roaming. Rules that govern mergers and acquisitions would also be relaxed to make it easier for larger operators to purchase smaller competitors and thereby boost margins. In comments to the press, telecom minister Kapil Sibal voiced optimism that the new policy will revitalize the industry, create an “investor-friendly environment,” and “underscore the imperative that sustained adoption of technology would offer viable options in overcoming developmental challenges in education, health, employment generation, financial inclusion and much else.”