Just a moment...

⚠✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    6. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    8. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search ❯
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❮
    ❯
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      Open Link
      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        News and Press Release

        FDI in Telecom Sector

        August 16, 2010

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Print Options

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        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. 

        Foreign direct investment cap in telecom clarified; owned-and-controlled test narrows indirect FDI attribution enabling more investment. The regulatory framework sets a composite FDI cap of 74% in the telecom sector; a February 2009 methodological change excludes minority foreign holdings in investing companies from a licensee's composite FDI where those investing companies are owned and controlled by resident Indians, replacing an earlier proportionate attribution approach and thereby reducing reported composite foreign holdings in some licensees and creating headroom for further foreign investment.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Foreign direct investment cap in telecom clarified; owned-and-controlled test narrows indirect FDI attribution enabling more investment.

                                The regulatory framework sets a composite FDI cap of 74% in the telecom sector; a February 2009 methodological change excludes minority foreign holdings in investing companies from a licensee's composite FDI where those investing companies are owned and controlled by resident Indians, replacing an earlier proportionate attribution approach and thereby reducing reported composite foreign holdings in some licensees and creating headroom for further foreign investment.


                                Note: It is a system-generated summary and is for quick reference only.
                                You may also like:

                                  Topics

                                  ActsIncome Tax
                                  No Records Found
                                  Next ➔