India : DoTready to classifyspectrumatangible asset.
Bandwidth has been considered an intangible asset by public and private sector banks who have been wary of accepting it as collateral all these years, instead using telecom license.
They, along with telecom operators, however have been demanding that spectrum should be categorized as a tangible asset which could then be pledged, considering that the scarce natural resource is the most valuable asset that a telco has.
"Prima facie, it appears that spectrum is qualifying infrastructure criteria. Therefore, spectrum may be added in the harmonised master list of infrastructure," an official in the license and finance wing has said.
"Bringing in the concept of trading of spectrum as a marketable commodity has changed of spectrum towards being treated at par with tangible assets in matter of accounting treatment," the note added.
2014 Al Bawaba (Albawaba.com) Provided by Syndigate.info , an Albawaba.com company
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|Date:||Apr 8, 2014|
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