The wave of privatizations that has swept the telecom industry in the Asia-Pacific region has resulted in unprecedented opportunities for investments in newly-established companies seeking to obtain and exploit licenses for telecoms installations. Market forces compelling consolidation have also generated opportunities for investment in private sector fixed-line and wireless operators established over the past few years. A cross-border acquisition or alliance in any industry creates legal challenges, but the telecom industry presents some unique risks and difficulties. This paper examines, from a legal and business point-of-view, the key "building blocks" for successful cross-border investments in the telecom industry.
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