India’s new telecoms minister Dayanidhi Maran said yesterday that his government does not plan to privatise state-run telecoms operator MTNL. The announcement marks the new administration’s drive to reverse the previous government’s far-reaching privatisation agenda that would have seen Mumbai and Delhi-based operator MTNL floated on the stock exchange later this year. Maran also said that the state is in the process of reviewing the 49% foreign investment cap in telecoms service providers, after coming under pressure from the nation’s mobile service providers which want the ceiling raised to 74% so they can access cheaper loans from the international marketplace.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
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