Govt announces telecom licenses mergers & acquisition norms
The govt said that no M&As of telecom licenses would take place if the number of service providers comes down to four in a circle. Wacky gadgets
By PTI |
NEW DELHI: The Government said on Tuesday that no mergers and acquisitions of telecom licenses would take place if the number of service providers reduce below four in a circle consequent upon the M&A.
Announcing the guidelines for mergers and acquisition of telecom licenses in a circle, the Department of Telecom (DoT) in a statement here, said that its prior approval for the M&A of the licenses is necessary and the combined market share of the merged entity shall not be greater than 40 per cent in terms of subscriber base or in terms of revenue.
Following the merger, the entity shall be entitled to the total amount of spectrum held by the merging entities, subject to the condition both the licensees will meet within three months from the date approval of merger by DoT.
Announcing the guidelines for mergers and acquisition of telecom licenses in a circle, the Department of Telecom (DoT) in a statement here, said that its prior approval for the M&A of the licenses is necessary and the combined market share of the merged entity shall not be greater than 40 per cent in terms of subscriber base or in terms of revenue.
Following the merger, the entity shall be entitled to the total amount of spectrum held by the merging entities, subject to the condition both the licensees will meet within three months from the date approval of merger by DoT.
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