Telecom doors to open wider for FDI
Facebook Twitter google+ RSS Feed

Telecom doors to open wider for FDI

By SiliconIndia   |   Friday, 26 September 2003, 07:00 Hrs
Printer Print Email Email
NEW DELHI: A government panel today, recommended increasing the foreign investment limit in the telecom sector to 74 percent from 49 percent, said the disinvestment minister.

"The total foreign investment limit including FII (foreign institutional investors) and FDI (foreign direct investment) has been recommended at 74 percent," Communications and Disinvestment Minister, Arun Shourie told reporters.

Shourie said the panel had recommended intra-circle mergers among phone firms be allowed, provided the number of operators was not below three.

The panel had also agreed in principle that there should be universal licensing in the sector, he said.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset