Weekend Result: Bharti Airtel Completes Merger Of Tikona With Itself - Reason for delay was India's Regulator demanding payment for Spectrum
Is this TAILWIND and a hint of a new era of CPE sales? India moves slowly but old plans can spring once allowed.
Has Sequans fallen behind without a Cat6 solution?
Is the Huawei fuss creating a better opportunity in India for alternatives?
Can Sequans accelerate its ties with India's developer Sasken? (SEE REF BELOW)
I don't know
FYI
FWIW
REFERENCES
I documented the Tikona saga here - lots of links Message 31694801 India News Tikona Bharti Airtel M&A approved by NCLT over ownership and assets dispute. DoT next
Sasken news posted here Message 31603900 Sasken is a giant in India. Think 'Foxconn' of India. As an ODM leading 'Made In India' projects the continent becomes a possible market, again, where China has won all the significant new ODM biz, especially for RJIO.
News stories covering India have noted that PRC's political and financial leverage has pressured India to avoid DRC firms in telecom and thus limited project wins by DRC firms - this is to explain lack of sales when Sequans had design wins with DRC firms for Airtel, Aircel, Tikona, RJio.
TODAY's Press Release - notice: "are under design and qualification phase"
COMMENT: I'm hoping this means CBRS-related CPE, hotspots and maybe small cells....
LATEST
bloombergquint.com
Bharti Airtel Completes Merger Of Tikona With Itself PTI @PTI_News May 29 2019 Telecom firm Bharti Airtel Ltd. on Wednesday said it has completed the merger of Bharti Digital Networks Pvt. Ltd, formerly known as Tikona Digital Networks Pvt. Ltd, with itself...
livemint.com
DoT seeks ? 1,626 crore for clearing Airtel-Tikona merger
New Delhi: The department of telecommunications (DoT) has in a letter dated 17 August asked Bharti Airtel Ltd to pay in cash and through a bank guarantee a total of ? 1,626.89 crore to clear its merger with Bharti Digital Networks (formerly known as Tikona Digital Networks). Airtel has, however, approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) seeking a stay on the DoT demand. DoT asked Airtel to pay ? 185.62 crore in cash. This is the difference between the entry fee payable for unified access service licence in the four telecom circles of Gujarat, Himachal Pradesh, Uttar Pradesh (east) and Uttar Pradesh (west) and the entry fee already paid by Tikona under unified licence in the 2300 MHz band... One-time spectrum charges are payable by companies that want to convert their administered spectrum or spectrum not bought in an auction to liberalised or auctioned spectrum. Auctioned spectrum can be deployed flexibly for any purpose, unlike administered spectrum. Under the department of telecommunications’s merger and acquisition guidelines, if a transferor (Tikona) holds a part of the spectrum, which (up to 4.4 MHz) has been assigned against the entry fee paid, the transferee (Airtel), at the time of merger, shall pay to the government, the differential between the entry fee and the market-determined price of spectrum from the date of approval of such arrangements by the National Company Law Tribunal (NCLT) on a pro-rata basis for the remaining period of validity of the licence... |
