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of <h1>Cabinet Approves ATC Asia Pacific's 51% Stake Acquisition in Viom Networks, Bringing Rs. 5,856.51 Crore FDI to Telecom Sector.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved M/s. ATC Asia Pacific Pte. Ltd., Singapore's acquisition of a 51% shareholding in M/s. Viom Networks Ltd. from existing shareholders. This transaction will introduce a foreign direct investment inflow of Rs. 5,856.51 crore into India's telecom infrastructure, promoting economic growth and enhancing inclusiveness and equity in the sector.
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