Mahesh Uppal

Much-awaited telecom M&A guidelines issued

Department of TelecomIn case of a merger or acquisition (M&A) deal in the telecom sector, the merged entity's market share would not be allowed to exceed 50 per cent, according to new M&A guidelines issued by the Department of Telecom (DoT).

Issued on Thursday, the much-awaited M&A guidelines for the industry stated clearly declared that the merged entity should reduce its market share to the limit of 50 per cent in case it surpasses the limit.

Disconnect in India's rural telecom fund; $4.65 bn idling

rural-telecomNew Delhi, July 28 : A fund created 10 years ago to help link each of India's 638,596 villages with telecom and broadband connectivity with mandatory contributions by private service providers seems to be idling, with a whopping $4.65 billion in balance.

Thus far, around $8.4 billion (Rs. 50,682.95 crore) has been collected towards what is called Universal Service Obligation Fund (USOF) since 2002-03 when parliament approved the scheme. Official data shows $4.65 billion (Rs. 27,949.91 crore) remains unused.

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