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The government plans to extend the deadline for telecom operators to comply with the guidelines in Press Note 5 relating to the increase in the foreign direct investment (FDI) limit to 74 per cent, by three months to April 2, 2007.

January 15, 2007

The government plans to extend the deadline for telecom operators to comply with the guidelines in Press Note 5 relating to the increase in the foreign direct investment (FDI) limit to 74 per cent, by three months to April 2, 2007. The earlier deadline was January 2, 2007, which was extended because of a review of some norms in Press Note 5. Prior to this, the Department of Telecommunications (DoT) issued a cabinet note on its plan to permit foreigners to hold key posts in telecom companies and operators to "remote access" their network.

 
 

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