Business Daily from THE HINDU group of publications Tuesday, May 22, 2007 ePaper |
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Info-Tech
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Telecommunications Tata Teleservices getting three new licences Our Bureau
New Delhi May 21 Tata Teleservices is all set to get unified access licences for offering mobile and fixed telephone services in Assam, Jammu and Kashmir and North East. The company had applied for these three circles almost a year ago but the Government had held it back since there was no clarity on issues relating to foreign CEOs. Now that the Union Cabinet has allowed foreigners to hold key positions in a telecom company, as part of the revised FDI guidelines, the Department of Telecom has approved the licences. Tata Teleservices has Mr Daryl Green, a foreigner, as its CEO due to which DoT had put on hold all the applications from the company. Tata Tele has also applied for a long distance telephony licence. The three new licences mean that the company can now have a pan-India footprint
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