Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARDS :: empanelment :: ACCOUNTING STANDARD :: TDS :: VAT Audit :: cpt :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: due date for vat payment :: articles on VAT and GST in India :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT
« Mergers and Acquisitions »
 Vivo-Oppo should merge to create a strong no 2 in the smartphone segment across India
 Deals of the day-Mergers and acquisitions March 14, 2018
 Deals of the day-Mergers and acquisitions March 12, 2018
 Deals of the day-Mergers and acquisitions MARCH 7, 2018
  Media and entertainment sector ripe for mergers and acquisitions
  Media and entertainment sector ripe for mergers and acquisitions
 Deals of the day-Mergers and acquisitions FEBRUARY 28, 2018
 Media and entertainment sector ripe for mergers and acquisitions
 EU Mergers and Acquisitions
 ACC, Ambuja Cements put merger on hold over mines hurdle
 India to determine Uber’s growth: CEO Dara Khosrowshahi

Telenor open to mergers and acquisitions, finds Indian laws discouraging
October, 16th 2014

A top executive of Norwegian telecom firm Telenor has said the company is open to merger and acquisitions in India but the country's rules don't encourage it. Telenor's chief executive Jon Fredrik Baksaas, who is in India to review the progress of the company's Indian unit, Uninor, also urged the government to release more spectrum.

"In India, only a portion of the available spectrum has been distributed for commercial purposes, and this is rare if you compare it to other countries, which are distributing more or less at 100% for commercial usage. This (distribution of more spectrum) needs to be speeded up," Baksaas told ET during an exclusive interaction.

He added that the Indian government should not charge hefty upfront payments from the industry on account of airwaves but should allow the industry to grow, which would bring higher profitability and, in turn, mean more taxes for the government.

India's telecom sector is one of the most regulated industries where cost of airwaves is far higher than that for its international counterparts. The industry has been demanding lower base prices for airwaves, such that it can take telephony and data services to people countrywide.

Uninor provides 2G services in its six circles but needs to take a decision soon on how to address the issue of data growth in India, given that it doesn't have 3G spectrum and 4G is still a long way from a broader adoption.

"We need to address the transition to data...We are not there as of today," Baksaas said, indicating that the company could try to win spectrum in the 900 Mhz band in the upcoming auctions.

He, however, said competition would be tough as incumbent operators would bid aggressively to buy back their bandwidth, which will be put up for sale as permits are expiring.

Telenor bought liberalised spectrum in the 1,800 Mhz band, which can be used for offering highspeed wireless internet services on 4G. However, the ecosystem is yet to develop and at the same time other carriers are expanding their 3G networks. Uninor doesn't have 900 Mhz spectrum, which can be used for 3G services.

"It's tough to leapfrog from 2G to 4G. In theory, it could be done, but remember, 2G handsets need to be exchanged for 4G handsets. It happens over a period of time," Baksaas said.

He added that the Indian arm of Telenor is a long-term investor in India and will explore all options for growth here. Baksaas said he hoped 50% of Telenor's customer base by 2017 would be active internet users.

The Telenor chief said that in the longer term, there are three very strong players in the Indian telecom market, referring to Bharti Airtel, Vodafone and Idea Cellular. "Our ambition is to climb underneath them from where we are in our six circles in the medium term," he said.

On M&A, Baksaas said some discussions had happened in India but nothing has materialised. "There are probably still details to be addressed (in the M&A) policy.

And those details, if they aren't clarified, you won't see consolidation." Having begun operations in 2009, Baksaas said the company was "at ease in terms of doing business" in India, compared to about five years ago.

"The new government has brought in a lot of enthusiasm for international investors like us and we would like the government to follow up with concrete actions, including making more spectrum available which will help us cater to Indian citizens at affordable prices and help fulfill the Digital India project," he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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