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Last year, US-based private equity firm Global Infrastructure Partners (GIP) stitched a bolt-on deal in India through its portfolio company Ascend Telecom Infrastructure Pvt Ltd. ......
Telecom infrastructure providers are seeking availability of input tax credit, an increase in tax depreciation rate, and rationalisation of TDS provisions in their Budget wishlist. Measures to facilitate ease of doing business will increase investment and contribute to the industry's long-term growth. The telecom infrastructure industry is also seeking government support for the availability of input tax credit on telecom towers and the rationalisation of TDS provisions on purchase of electricity and purchase of diesel.
The combination of the US giants will create a global infrastructure powerhouse with over $150 billion in assets and a strong presence in Apac, and could help reduce project costs.
Telecom Infrastructure Providers: The Delhi-based group has also written to the Union Minister of Finance & Corporate Affairs Nirmala Sitharaman, seeking support for the telecom infrastructure industry in the upcoming budget.
The combination of the US giants will create a global infrastructure powerhouse with over $150 billion in assets and a strong presence in Apac, and could help reduce project costs.