The Department of Telecommunications has rejected a proposal to increase the ceiling on foreign direct investment (FDI) in the sector to 100% from its current maximum of 74%, reports the Business Standard. The DoT blocked the move, saying that telecommunications was a security-sensitive sector. A high-level committee had proposed the measure, arguing that the current limit allowed foreign investors complete control over their telecoms businesses but added a hurdle in finding Indians willing to proffer the remaining cash for a minority stake. The committee noted that other areas of infrastructure development already allow 100% FDI, adding that safeguards could be established to address security concerns.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors