Two cellular firms in India will merge to pace its market

Article Abstract:

Birla Tata AT&T has reached a deal to merge with BPL Communications Ltd. in one of the largest corporate mergers ever in India's history. The combined entity will own approximately 28% of the Indian mobile communications market.

Acquisitions & mergers, Radiotelephone communications, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Mergers, acquisitions and divestments, Wireless communications services, Birla-Tata-AT&T, BPL Communications Ltd.

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India lifts ownership limit for foreigners in key sectors

Article Abstract:

India will allow 100% foreign ownership in major industries in order to ease foreign investments. Ownership limits will be eliminated in such industries as Internet service providers and pharmaceuticals.

Administration of General Economic Programs, International economic relations, Foreign Investment Regulations, Foreign investments, Laws, regulations and rules, International trade, Foreign investment laws

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India plans sale of 25% of VSNL, quake-relief tax

Article Abstract:

The government of India is planning to sell off a minority share of Videsh Sanchar Nigam Ltd. The government is planning to privatize 25% of Videsh.

Asset sales & divestitures, Wired Telecommunications Carriers, Telephone communications, exc. radio, Intnl Telephone Service, Securities, Privatization, Privatization (Business), International telephone services, Videsh Sanchar Nigam Ltd.

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