The government will set up a study panel next month to ponder steps to enhance competition in the telecom market, Toranosuke Katayama, minister for public management, home affairs, posts and telecommunications, said Tuesday.

"I have instructed (ministry officials) to set up a panel next month and quickly come up with conclusions," Katayama said at a news conference.

With the panel expected to conclude discussions by the end of the year, the ministry will submit a related bill to revise the Telecommunications Business Law to the next regular Diet session to convene in January, ministry officials said.