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Tag: fdi
India's Telecom Commission backs scrapping FDI cap
2013-07-04 02:00:00| Total Telecom industry news
Decision could pave way for likes of Telenor, Vodafone to buy out local partners.
Tags: commission
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India approves 100% FDI in telecom sector
2013-07-03 15:29:00| Telecompaper Headlines
(Telecompaper) The Telecom Commission in India, the decision-making body of the Department of Telecommunication (DoT), approved 100 percent foreign direct investment (FDI) in the telecommunication sector, reports The Economic Times. Once ratified, the policy will allow foreign companies to own 100 percent of Indian operators, and they will no longer need to have a minority shareholder based in India. Foreign companies will be able to acquire up to 49 percent directly, with further investments subject to approval by the Foreign Investment Promotion Board (FIPB), a senior government official said. The decision will come into force once the Cabinet approves it. At present, FDI in the sector is limited to 74 percent of an Indian operator.
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India's Telecom Commission Approves 100 percent FDI In The Country's Telecom Sector
2013-07-03 13:45:04| Telecom - Topix.net
India's Telecom Commission, on Tuesday, endorsed a proposal to allow foreign operators to have a 100 percent stake in companies operating in the country's telecom sector, which if made in to law, will allow players like Vodafone Plc and Telenor ASA to operate independently without local partnerships.
Tags: percent
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FinMin to decide on Jet-Etihad, Telenor FDI plans on Tuesday
2013-06-09 17:15:23| Telecom - Topix.net
The Finance Ministry on Tuesday will take a call on the Rs 2,000 crore Jet-Etihad deal --the largest foreign investment in the Indian aviation sector -- and the FDI proposal of Norway's Telenor, among others.
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