Vodafone India is to Vodafone plc what Tata Steel Europe is to Tata Steel..! Vodafone plc’s recent decision to write-off € 6.4 billion (nearly Rs 46,000 crore) with respect to vodafone India’s operation confirms this. This is the second write-off by Vodafone plc related to India, the first being in 2010 for € 2.3 bn and … Continue reading Vodafone – Another case of costly acquisition and write-off…
Corporate India has recorded significant improvement in its financial performance during 2015-16 with profits growth of almost 10% as per an RBI report released last Friday. The report is a comprehensive document covering almost 3,000 listed companies excluding financial sector and accounts for nearly 22% of country’s GDP. It also gives better picture of broad … Continue reading Corporate Performance – RBI Report..
Tata Sons and NTT Docomo, in the news last week, find themselves in the middle of a complex legal tussle. The two had entered into a agreement, at the peak of telecom revolution in the country, to offer telecom services. The deal makes for an interesting case of corporate strategy going wrong not only because it failed to read … Continue reading Tata Docomo JV – A deal gone wrong..
Telecom Commission (TC) has proposed to fix spectrum Usage charge (SUC) at minimum 3% of revenue on aggregate basis for all existing spectrum and for all future auctions also, as per various reports. The proposal, if accepted by the cabinet, would bring finality to long pending and complex issue of bringing uniformity in the SUC rates. The … Continue reading Telecom Sector – The SUC muddle..
The government has cleared the proposal for another round of spectrum auction for telecom sector. While the last round fetched about Rs 1.1 lakh crore, this round is much bigger, expected to fetch more than Rs five lakh crore. The entire discussion around spectrum, its use, cost etc are rather complicated questions. A brief attempt to simplify the same.. … Continue reading Telecom Spectrum Auction – What do we know..?!
A week of hectic activity in the Parliament as a number of bills get passed including the Finance bill’ 2016-17, popularly known as “Budget”. Rajya Sabha clears amendment to laws dealing with mines allowing the transfer of non-auctioned mines in cases of mergers and acquisition, a serious stumbling block for corporate deals. This would facilitate … Continue reading Weekly Round Up – Week 18
Results of Corporate India for quarter and year ended March’16 start coming in. The early trend in terms of core results appear quite decent, specially in comparison to earlier quarters’ results. Further, there appears to be an effort to clean up the balance sheet by the companies, probably to act more aggressively, when the next up-cycle … Continue reading Weekly Round Up – Week 17