Business Daily from THE HINDU group of publications
Friday, Sep 19, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, Sep 19, 2008 ePaper | Mobile/PDA Version | Audio |
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Info-Tech
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Telecommunications DoT to allow foreign cos to bid for 3G spectrum on their own 
Spectrum meet: (From left) Mr Ian Stone, Managing Director, PCCW Ltd, Hong Kong; Mr Asim Ghosh, Chairman, COAI and Managing Director, Vodafone Essar Ltd; Mr T. V. Ramachandran, Director-General, COAI; and Mr S. Behura, Secretary, Department of Telecommunications, at the first telecom service providers’ conclave-2008, in the Capital on Thursday. Our Bureau New Delhi, Sept. 18 The Centre has said that it will allow foreign telecom companies to bid on their own without a domestic partner for the 3G spectrum, but they will have to find a local player before starting services. Speaking at an Assocham conclave here on Thursday, the Telecom Secretary, Mr S. Behura, said according to the Indian laws, foreign companies can own up to 74 per cent stake and thus they would be required to form a joint venture with an Indian company before starting the services. Indian partner“The foreign telecom firms can bid for the 3G spectrum on their own but before rolling out services they should find an Indian partner,” he said. On the issue of spectrum allocation, Mr Behura said that the issue is almost resolved as the Defence Ministry would shortly release spectrum to the Department of Telecom which in turn would allocate it to various licensees and necessary stakeholders in a phased manner. Allocation of spectrum cannot be done in one go and that the Government would release it in phases as per spectrum availability since the issue has already become sensitive and to some extent controversy, he said. More Stories on : Telecommunications | Regulatory Bodies & Rulings
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