Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: Central Excise rule to resale the machines to a new company :: TDS :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: due date for vat payment :: cpt :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: empanelment :: articles on VAT and GST in India :: form 3cd
 
 
Mergers and Acquisitions »
  Govt to explore mergers & acquisitions across state-run units
 Government to explore mergers & acquisitions across state-run units
 Govt mulls merger of 6 consultancy firms into Engineers India
 13 Design Industry Mergers & Acquisitions
 25 anesthesia mergers & acquisitions in the past year
 3 Big Mergers & Acquisitions That We Could See in 2017
 Govt mulls merger of six consultancy firms into Engineers India
 MENA mergers and acquisitions perform soundly in 2016 despite challenges
 Govt to explore mergers & acquisitions across state-run units
 Mergers & Acquisitions Heat Up the Promo Industry in January
 Mergers and Acquisitions: 2016 Update

Telecom mergers and acquisition guidelines to be in place in 2 weeks: Sibal
October, 29th 2013

The most awaited telecom mergers and acquisition guidelines which were expected to be released on Tuesday, will be released, in about next two weeks time, telecom minister Kapil Sibal said.

"It will take two weeks more" Sibal said when asked about status of the guidelines announcement. He was talking to reporters on the sidelines of Assocham's India Knowledge Summit.

The minister had last month said that the guidelines will be out by October 15.

As per the mergers and acquisition (M&A) guidelines in works, incumbent service providers participating in consolidation activities will have to convert their old licence to Unified Licence, sources said.

In the revised guidelines in process, a DoT panel on M&A has proposed one year time for completing transaction and exemption from cross holding norms that prohibits incumbent companies from having more than 9.9% stake in competing firms.

The panel on M&A has noted that many telecom service providers are listed on stock exchanges and have to go through a long process to complete the deal. In fact, under the norms for new Unified Licence regime announced last week, operators are barred from holding any stake in a rival company.

The guidelines that have been okayed in principle by Cabinet include expeditious approval to merger proposals of telecom companies if their combined market share is up to 35%.

DoT will seek telecom regulator Trai's recommendation in case the resultant entity has 35-60% market share. Consequent upon the merger of licences, the total spectrum held by the resultant entity should not exceed 25% of the spectrum assigned, by way of auction or otherwise, to it in the concerned service area in case of GSM spectrum services which include 900 and 1800 megahertz (MHz) bands frequencies.

In respect of 800 MHz band (CDMA services), the in- principle approved guidelines state that the ceiling will be 10 MHz and for other spectrum bands, relevant conditions pertaining to auction of that spectrum will apply.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions