|Merger and Acquisition Policy|
The Finance Ministry has requested the Department of Telecom to provide maximum security to lenders in the event of termination of licence and incorporate suitable clause in the draft tripartite agreement. Communications have been received from Finance Ministry which, among others states the following:
Government has decided that the existing Tripartie agreements in Unified Access Service (UAS) licenses be modified appropriately to include ‘spectrum’ in order to achieve the desired objective in
consultation with the Department of Legal Affairs and the Department of Financial Services. Further, in the event of default by a licensee entailing auction of spectrum, financial institutions/agents be allowed
to conduct auction in consultation with the Department of Telecommunications and in accordance with such guidelines as may be laid down for the purpose by the Department of Telecommunications. It would be open to financial institutions to request the licensor to conduct the auction without prejudice to their rights.
Broad guidelines announced through Press release dated 15.02.2012 in respect of intra-service area merger of CMTS/UAS licences are given here.
The broad guidelines in respect of intra-service area merger of CMTS/UAS licences will, inter-alia, include:
This was stated by Shri Milind Deora, the Minister of State in the Ministry of Communication and Information Technology in response to a written question in Lok Sabha today.