BHARTI CELLULAR, TATA COMM GET FIPB APPROVAL
Article Abstract:
The Foreign Investment Promotion Board (FIPB) has cleared the proposals of Tata Communications and Bharti Cellular. Tata Communications, a cellular mobile service provider has been permitted to double its capital from Rs147 crore to Rs294 crore. The FIPB has permitted Bharti Cellular's proposal to replace its foreign partner, Emtel of Mauritius with British Telecom. Its foreign holding however will remain the same. Bharti Cellular has been permitted to enter the internet service sector as a private internet service provider. Bharti Cellular is the mobile service provider for the Delhi Circle. (um)
Comment:
The Foreign Investment Promotion Board (FIPB) has cleared the proposals of Tata Communications and Bharti Cellular.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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WELL DONE, TRAI
Article Abstract:
The Telecom regulatory Authority of India is being lauded for initiating the process of rationalising telecom tariffs. It basically proposes to align service prices with costs incurred. The change in the tariff structure will sharply reduce the cost of telecom infrastructure while the risk to the margins of operators will be small. It also submits its proposals for public scrutiny and comment before taking a final decision. (khr)
Comment:
India: Telecom regulatory authority is being lauded for initiating process of rationalizing telecom tariffs
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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