01-27-2009, 04:09 PM
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Senior Member
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Join Date: Mar 2008
Location: Canada
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Investment in India's Telecom Market
Sci-Tech Today has a nice article highlighting how foreign interest in India's telecom market is still growing:
Sci-Tech Today | India Telecom: Foreign Interest Still Strong
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Indian companies are eager for the foreign infusions. New Delhi does not permit foreigners to hold more than a 74 percent stake in telecom entities, so joint ventures have become the norm and Indian partners, who are largely stretched thin and short of cash, are aplenty. Foreigners are also keen to invest.
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While foreign institutional investors pulled $13 billion out of the Indian market in 2008, foreign investments in telecom continued to pour into the country. In 2008 alone, companies including Japan's NTT DoCoMo, Norway's Telenor, the United Arab Emirates' Emirates Telecommunications, also known as Etisalat, and Russia's Sistema Telecom together invested around $5 billion in the Indian market to acquire or increase their Indian telecom investment.
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