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NEW DELHI: With foreign investment dropping by a steep 96 per cent in 2012, the Department of Telecom<\/a> is hoping to announce the new M&A<\/a> guidelines next month as it attempts to infuse life into a sector battered by controversies.
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\nAfter a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore received in 2013.
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While government is hopeful of announcing mergers and acquisitions guidelines in January and a new policy<\/a> on machine -to-machine communications in first quarter of 2014, in 2013 it was able to implement new licensing regime of Unified Licences, open up telecom sector for foreign investment by raising FDI limit to 100 per cent from 74 per cent.
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\"We want to put mergers and acquisition guidelines in place before (spectrum) auction takes place. The year 2013 was basically a year which prepared this sector for huge growth in coming years. Telecom sector in 2014 is poised for a very positive growth riding on very good sentiments,\" Telecom Secretary<\/a> MF Farooqui<\/a> told PTI.
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The secretary<\/a> said that de-linking spectrum from telecom licences, introduction of Unified Licences and raising of foreign direct investment<\/a> limit were key steps that government took for the sector during the year.
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\n\"It (100 per cent FDI) may immediately not result in influx of investment. It actually did, but even without it in terms of improving sentiments, it made an important contribution. It made people look at fresh opportunity in terms of investment in the sector,\" Farooqui<\/a> said.
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\nThe government in August approved 100 per cent foreign direct investment<\/a> (FDI) in the telecom sector, meeting a key demand of the fund-starved industry. Earlier, the FDI cap in the sector was at 74 per cent.
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FDI during April-September 2013 period was only at Rs 197 crore. The month of March, this year, saw poor performance of spectrum auction with only one company, Sistema Shyam Teleservices<\/a>, bidding for CDMA spectrum worth Rs 3,639 crore.
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Within three months of the decision on FDI, UK's telecom major Vodafone Group<\/a> approached Foreign Investment Promotion Board (FIPB) to increase its holding in Vodafone India Ltd (VIL) from 64.38 per cent to 100 per cent with an investment of Rs 10,141 crore.
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\n\"There is progress in the regulatory environment...there are reasonable expectations on the sector which I think is positive, so it's sending a positive message about the country and about the desire to really push forward,\" Vodafone Group<\/a>'s hief Executive Vittorio Colao said.
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\nVodafone's investment is yet to be approved by the government.\n\n<\/body>","next_sibling":[{"msid":28134234,"title":"1,000 gram panchayats to get Wi-Fi connectivity in Ludhiana","entity_type":"ARTICLE","link":"\/news\/policy\/1000-gram-panchayats-to-get-wi-fi-connectivity-in-ludhiana\/28134234","category_name":null,"category_name_seo":"policy"}],"related_content":[],"msid":28138151,"entity_type":"ARTICLE","title":"Telecom sector is poised for a positive growth in 2014: Farooqui","synopsis":"After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore.","titleseo":"policy\/telecom-sector-is-poised-for-a-positive-growth-in-2014-farooqui","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2013-12-30 14:22:49","lastupd":"2013-12-30 14:54:45","breadcrumbTags":["policy","Secretary","Foreign Direct Investment","Department of Telecom","M&A","Sistema Shyam Teleservices","Vodafone group","Farooqui"],"secinfo":{"seolocation":"policy\/telecom-sector-is-poised-for-a-positive-growth-in-2014-farooqui"}}" data-authors="[" "]" data-category-name="Policy" data-category_id="19" data-date="2013-12-30" data-index="article_1">
PTI
新德里:外商投资2012年大幅下降96%电信部门希望宣布新的吗并购指导下个月,因为它试图注入生活行业饱受争议。
后两年的纠纷与争议,电信业现在看起来似乎稳定和恢复初始投资建议超过11000卢比在2013年收到了。
虽然政府希望今年1月宣布并购指南和一个新的政策机器对机器通信在2014年第一季度,它能够实现2013年新的统一牌照许可制度,对外国投资的开放电信业通过提高外国直接投资限制从100%降至74%。
“我们想把并购指南(频谱)拍卖之前发生。2013年基本上是一年准备这个行业在未来几年大幅增长。2014年电信部门准备一个非常积极的增长骑在很好的情绪,“电信秘书曼氏金融FarooquiPTI说。
的秘书说,穆沙拉夫光谱从电信牌照,引入统一的牌照和提高外国直接投资限制是关键步骤,政府部门。
“这(100% FDI)不可能立即导致大量投资。确实,但即使没有它在改善情绪方面,做出了重要的贡献。它让人们看看新的机会在投资领域方面,“Farooqui说。
政府8月批准了100%外国直接投资(FDI)在电信部门,会议fund-starved行业的关键需求。早些时候,在该领域外商直接投资上限为74%。
FDI的助力2013期间只有197卢比。今年3月,看到频谱拍卖只有一个公司的业绩不佳,Sistema Shyam电信业务,投标CDMA频谱价值3639卢比。
在三个月内决定FDI,英国电信专业沃达丰集团向外国投资促进委员会(FIPB)增持在沃达丰印度有限公司(维尔)从64.38%到100%的投资10141卢比。
在监管环境“有进步…对该行业有合理的预期,我认为是正的,所以它是传递积极的信息关于这个国家和渴望真正推进,”沃达丰集团hief执行长维托里奥·科劳说。
沃达丰的投资尚未得到政府批准。
新德里:外商投资2012年大幅下降96%电信部门希望宣布新的吗并购指导下个月,因为它试图注入生活行业饱受争议。
后两年的纠纷与争议,电信业现在看起来似乎稳定和恢复初始投资建议超过11000卢比在2013年收到了。
虽然政府希望今年1月宣布并购指南和一个新的政策机器对机器通信在2014年第一季度,它能够实现2013年新的统一牌照许可制度,对外国投资的开放电信业通过提高外国直接投资限制从100%降至74%。
“我们想把并购指南(频谱)拍卖之前发生。2013年基本上是一年准备这个行业在未来几年大幅增长。2014年电信部门准备一个非常积极的增长骑在很好的情绪,“电信秘书曼氏金融FarooquiPTI说。
的秘书说,穆沙拉夫光谱从电信牌照,引入统一的牌照和提高外国直接投资限制是关键步骤,政府部门。
“这(100% FDI)不可能立即导致大量投资。确实,但即使没有它在改善情绪方面,做出了重要的贡献。它让人们看看新的机会在投资领域方面,“Farooqui说。
政府8月批准了100%外国直接投资(FDI)在电信部门,会议fund-starved行业的关键需求。早些时候,在该领域外商直接投资上限为74%。
FDI的助力2013期间只有197卢比。今年3月,看到频谱拍卖只有一个公司的业绩不佳,Sistema Shyam电信业务,投标CDMA频谱价值3639卢比。
在三个月内决定FDI,英国电信专业沃达丰集团向外国投资促进委员会(FIPB)增持在沃达丰印度有限公司(维尔)从64.38%到100%的投资10141卢比。
在监管环境“有进步…对该行业有合理的预期,我认为是正的,所以它是传递积极的信息关于这个国家和渴望真正推进,”沃达丰集团hief执行长维托里奥·科劳说。
沃达丰的投资尚未得到政府批准。
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