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: VAT RATES :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: due date for vat payment :: VAT Audit :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: TDS :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India
Mergers and Acquisitions »
 How to keep employees motivated during mergers, acquisitions and times of great change
 Ahead of Air India bid, Jet Airways hires Delta's M&A expert Piero Ceschia
 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

MTNL puts overseas acquisition on hold
January, 02nd 2010

State-run MTNL has put its overseas acquisitions plans on the backburner for the time being as it decides to focus on improving its 
market share in Delhi and Mumbai -the only places where it operates.

"Right now we don't have any plans ... I am concentrating on my in-house business more... We are doing very well in Nepal and Mauritius, which are going to fetch good revenues. It is not that we have all together stopped. For some time we are not very active," MTNL CMD RSP Sinha told.

However, the NYSE listed company has expressed its desire to partner its big brother PSU BSNL in their overseas acquisition, especially in the emerging markets.

The PSU has a mobile subscriber base of 44 lakh and is eyeing 50 lakh before the fiscal end. MTNL shares were trading at Rs 73.85, down 0.94 percent.

"If BSNL is looking towards them (emerging markets) for acquisitions, we would also like to join them as a partner when they finally decide (on any target company). We tell them take us along with you as a partner," he said.

BSNL has placed a bid for buying up to 75 percent stake in Zambia's lone fixed line operator Zamtel. In the past MTNL had lost the bid to Kenya's second national licence. After emerging as the preferred buyer for Sri Lanka's Suntel, the PSU put the proposal on the backburner as valuation issues cropped up over some legal liabilities.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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