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News and Press Release

FDI in Telecom Sector

August 16, 2010

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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 'controlled' 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

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 Communications)

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.

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

Singapore

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

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%

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 of State for Communications & Information Technology, Shri Sachin Pilot in written reply to a question in Lok Sabha today. 

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