Competition Law and Merger & Acquisitions in Indian Telecom Sector
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In 1992, The Indian economic opens its door to world. The foreign direct investment increase in Indian market drastically and telecom market is no exception to it. Currently there are more than 12 players in Telecom sector. The big players are trying to take over small companies. The process of Merger and acquisition is governed by various laws such as Companies Act 1956 and Competition Act 2002. The Sec. 5 & 6 mainly deal with Merger and acquisition and its impact on market. These sec. Make sure that an adverse effect shall not be made on market. The concern companies have to notify and take ...
In 1992, The Indian economic opens its door to world. The foreign direct investment increase in Indian market drastically and telecom market is no exception to it. Currently there are more than 12 players in Telecom sector. The big players are trying to take over small companies. The process of Merger and acquisition is governed by various laws such as Companies Act 1956 and Competition Act 2002. The Sec. 5 & 6 mainly deal with Merger and acquisition and its impact on market. These sec. Make sure that an adverse effect shall not be made on market. The concern companies have to notify and take permission from Competition Commission of India. The process of Merger and acquisition in telecom sector is also governed by Telecom Regulation Authority of India, Department of Telecom. These multi bodies create jurisdiction and many problems. After 2G Spectrum judgment of Supreme Court of India the foundation of Telecom market shaken. The 2G services tariff was increased moreover small companies left their business from India. To overcome these problems the author has given its innovation suggestions in this Dissertation that will streamline the Indian Telecom Market.
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