Etisalat-Alliance Infratech Can’t Merge Says DoT: Report
Posted by Avashya - India Web 2.0 News on Oct 11, 2009 in Digital Media News |
After over a year and a half, the merger between Etisalat DB Telecom India and Allianz Infratech has been rejected by the department of telecommunication (DoT) referencing a new rule that requires a three year lock-in period on equity stake for new telcos, DNA reports. We haven’t been able to locate on the DoTs website, [...]