TMI BlogFDI in Telecom SectorX X X X Extracts X X X X X X X X Extracts X X X X ..... FDI in Telecom Sector - News and Press Release Dated:- 16-8-2010 - News - Composite FDI (Direct + Indirect) in telecom sector is 74%, which is sectoral cap. After increase of FDI limit from 49% to 74% in November 2005, the companies as per list given in the Annexure have utilized increased FDI ceiling for telecom services. In February 2009, the Government has further revised the methodology of calculation of indirect foreign investment, according to which FDI of less than 50% in investing company is not counted in the licensee company if the investing company is 'owned' and 'controlled' by resident Indian citizens. This change of methodology of calculation of indirect foreign investment from earlier proportionate basis to 'owned' and 'co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntrolled' basis has brought down composite FDI in some of the licensee companies and have given more room to bring in further investment. However, actual foreign investment requirement of a licensee company depends on its business case. FDI approved in Telecom sector from January 2006 Sl. No. Name of the Indian Company Foreign Country Activities FDI 1 Hughes Escorts Communication Ltd V-SAT equipment/services in India 74% 2 Aircel Ltd. Mauritius CMTS 74% 3 BT Telecom India Pvt. Ltd Mauritius ILD, NLD 74% 4 AT T Global Network Services India Pvt. Ltd. USA ISP, ILD, NLD 74% 5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reliance Communication Ventures Ltd. FIIs CMTS 74% 6 Bharti Airtel Ltd. Mauritius /FIIs /OCBs /NRIs CMTS 74% 7 Chorus Call Inc. USA tele-conferencing 51% 8 Hutchison Essar Ltd. CMTS 68.1% 9 Essar Telecom Investments Ltd. Mauritius Investing company 99% 10 Spice Communications Pvt. Ltd. Mauritius CMTS 74.0% 11 Idea Cellular Ltd. FIIs, FVCIs CMTS 74% 12 Worldcom Communications (I) Pvt. Ltd. Singapore ISP 74% 13 Reliance Communication Pvt. Ltd. GDR CMTS 74% 14 India Holdco(Essar Communi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cations) Mauritius Investing company 100% 15 Cable Wireless Networks India Pvt. Ltd. UK ILD, NLD 74% 16 BT Telecom India Pvt. Ltd Mauritius ILD, NLD 74% 17 Essar Spacetel Ltd. (now Vodafone Essar Spacetel Ltd.) Netherlands CMTS and UASL 74% 18 Vodafone Essar Gujarat Ltd. Netherlands CMTS and UASL 74% 19 Vodafone Essar Cellular Ltd. Netherlands CMTS and UASL 74% 20 Vodafone Essar Mobile Services Ltd. Netherlands CMTS and UASL 74% 21 Vodafone Essar South Ltd. Netherlands CMTS and UASL 74% 22 Vodafone Telecom East Ltd. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Netherlands CMTS and UASL 74% 23 Vodafone Essar Digilink Ltd. Netherlands CMTS and UASL 74% 24 Equant Network Services India Pvt. Ltd. France ISP 74% 25 Sistema Joint Stock Financial Corporation Russia UASL 41% 26 Global Assets Holdings Corporation P. Ltd. Malaysia Network Services 49% 27 Ortel Communication Ltd. Mauritius Network Services 71% 28 Hathway Cable Datacom Pvt. Ltd. Mauritius Cable TV Network 37% 29 Devas Multimedia Pvt. Ltd. USA ISP - operating cum holding 70% 30 SingTel Australia Holding Pte ltd Singap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore Internet, IT consultancy services etc. 74% 31 ExlServices.com (India) Pvt. Ltd USA internet and voice based customer care 74% 32 Hathway Cable Datacom Pvt. Ltd. Mauritius Cable TV Network 43% 33 Aditya Birla Telecom Ltd Mauritius CMTS 68% 34 Essel Shyam Communication Ltd CCPS uplinking services, VSAT services 49% 35 Den Network Ltd FIIs, FVCI, VCF cables distribution and internet services 49% 36 Equnat Network Services India Pvt. Ltd Netherlands ILD/NLD/ISP 74% 37 Alcatel-Lucent India Ltd France telecom based services 67% 38 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tata Teleservices (Maharashtra) Ltd Japan telecom services 20% 39 Tata Teleservices Ltd Japan Telecom services 26% 40 Bharti telemedia Ltd NRI/OCB Teleport Activity 48% 41 Pacific Internet India Pvt. Ltd. Singapore ISP 74% 42 Telecordia Technologies Inc USA MNP Solutions 74% 43 Asianet Satellite Communications Ltd. Mauritius Teleport Activity 48% 44 Broadband Pacenet India Pvt. Ltd Cyprus ISP 45% 45 Tikona Digital Networks Pvt. Ltd. - ISP 70% 46 Vodafone Essar Spacetel Pvt. Ltd. - ILD/NLD/ISP 74% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 47 Powermax Communications USA Broadband communications services 74% 48 Unitech Wireless Singapore UASL 67% 49 Devas Multimedia Pvt. Ltd. Mauritius ISP 74% 50 Scorpios Beverages Pvt. Ltd. Cayman Island Investing company 49% 51 AG Mercantile Company Pvt. Ltd. Cayman Island Investing company 49% 52 Telecom Investments Indian Pvt. Ltd. Cayman Island Investing company 49% 53 Sistema Shyam Teleservices Ltd. Russia UASL 74% 54 Tikona Digital Networks Pvt. Ltd. Mauritius ISP 69% This information was given by the Minister o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f State for Communications Information Technology, Shri Sachin Pilot in written reply to a question in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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