TRAI to review foreign owner limits
March 5, 2008
In view of convergence of broadcasting and communication technologies, Telecom Regulatory Authority of India (TRAI) is to review Foreign Investment (FI) limits in the electronic media to provide level playing field among competing technologies.
The regulator has floated a consultation paper for reviewing the existing limits in different segments of the broadcasting sector. “Presently the policy regarding Foreign Investment is not uniform across different segments of broadcasting sector. In view of the divergence the need to undertake a review of the FI policy for the broadcasting sector has been highlighted,” TRAI said in a statement.
The Information and Broadcasting Ministry had sought TRAI recommendations on Foreign Investment limits for various segments including news and non-news broadcasters, teleport, DTH, satellite radio, Headend-In-The-Sky (HITS), cable operators and FM radio. The Authority has invited all stakeholders comments by March 28.