More foreign investment for Indian FTH and IPTV
May 25, 2011
The recommendations of the Telecom Regulatory Authority of India (TRAI) to raise FDI (Foreign Direct Investment) ceiling for DTH, IPTV from 49 per cent to 74 per cent have been “accepted” by the I&B Ministry.
The recommendations have been accepted to bring parity between DTH and IPTV operators with other service providers said a Ministry official.
The Ministry has, however, not accepted the recommendation to reduce the FDI ceiling for local cable operators from 49 per cent to 26 per cent as the limits have been there for over a decade now.
It also rejected a recommendation for direct FDI inflow in content services, saying any FDI in this space would have to be cleared by the Foreign Investment Promotion Board. He said the recommendations and the Ministry’s views have been sent back to TRAI.