Malaysia headquartered Axiata Group, which holds about 20% stake in Idea Cellular has threatened claim damages and drag the Indian government to international arbitration under bilateral investment protection pacts (BIPA), making it the sixth international investor in the telecoms space to serve notice under bilateral trade agreements.
Malaysia and Australia signed a free trade agreement that will allow Malaysia to export all goods duty-free into Australia once the deal comes into force on January 1, 2013.
The Indian government is likely to oppose any move by Vodafone Plc to invoke the India-Netherlands Bilateral Investment Promotion and Protection Agreement (BIPA) if it is forced to cough up Rs 12,000 crore in taxes on the grounds that the investment was routed through several step down firms based in different countries and that the treaty does not cover tax disputes.
Fearing the Indian government will use new tax laws to trap it back around Rs 12,000 crore in taxes, the world’s largest mobile operator, Vodafone, may invoke a bilateral investment treaty between India and the Netherlands to avoid doing so.
Norway’s Telenor will seek ’compensation for all investment, guarantees and damages’ if the Indian government fails to sort out issues related to its licence cancellation within the next six months, the company said.
Leaked documents from the Canada-European Union free trade talks suggest Ottawa is seeking to carve out telecommunications and agriculture from any agreement.
Google, Microsoft , Citigroup , IBM , GE and other top-tier American companies on Thursday urged the United States to fight for trade rules that protect the free flow of information over the Internet.
Australia’s Department of Foreign Affairs and Trade is investigating if the introduction of price caps on mobile roaming fees will have an impact on the free-trade agreement with the US and agreements with Pacific countries.
Representatives from Australia’s internet industry have called for full disclosure of a proposed free trade agreement between the United States and its allies in the Pacific, concerned that the deal asks ISPs to shoulder onerous burdens around copyright infringement.
The country’s cell phone market was opened to private competition with the entry into force of the Central American Free-Trade Agreement with the US (CAFTA) on Jan.1, 2009.
The two major areas holding up the implementation of the FTA are the liberalisation of the telecom sector and policy changes changes in the Sultanate’s software policy.
Telecommunications and real estate in The Bahamas are two sectors that are, for now, off limits for negotiations under the proposed Economic Partnership Agreement between the European Community and CARIFORUM, State Minister for Finance Zhivargo Laing reported yesterday.
Costa Rica, one of the few Latin America countries still with a state-run telephone sector, is expected soon to open to big foreign players as part of a trade deal with the United States.
UNI Telecom Americas President told the Minister of Labour and Deputies from the Costa Rica National Assembly that the country should look to lessons from other free trade agreements, including from his country Mexico, where poverty had not decreased and the minimum wage was in effect lower than before the 43 trade agreements signed by Mexico.
Between 2004 and 2006, the Naimibian government made more than N$200 million in dividends alone from fixed telecommunication lines, provision of bulk communication infrastructures, and on mobile phone services. Liberalising the sector through the EPA with the EU may poke a hole to its bulging purse. Namibia is also worried that the inclusion of a New Generation clause may hamper the country’s expansion programme into SADC market.
Internet firms providing music, videos and other multimedia files are watching out for the government interpretation on the free trade agreement, as its draft contains much tougher anti-piracy measures on digital content than current regulations.
Dutch investment company Saba Fakes, who claim to hold the biggest part of shares of Turkey’s second big GSM operator Telsim, is preparing to file an arbitration case at International Arbitration amounting to 19 billion dollars in reparations.
The president of the Dominican Telecom Institute (Indotel) affirmed that the Free Trade Agreement with the United States and Central America (DR-CAFTA) will force the country to transform the free zones into high technology industrial parks to be able to compete in the world market.
The International Centre for Settlement of Investment Disputes (ICSID) has ruled in favor of the State of Hungary in a case brought against it by Norwegian telco Telenor, business daily Világgazdaság reported on Monday.
The United Arab Emirates will resist pressure in free trade talks with the United States to open its telecommunications sector to foreign investors.