Part of: GS Prelims and GS-III – Infrastructure; FDI
In news
Union Cabinet approved ₹2,480 crore FDIin ATC Telecom Infra Pvt Ltd.
ATC Asia Pacific Pte. Ltd is looking to acquire 12.32% stake in ATC Telecom Infra Pvt Ltd through the FDI route.
FDI up to 100% is allowed in Telecom Services Sector wherein 49% under automatic route and beyond 49% through government route subject to observance of licensing and security conditions by the licensee as well as investors as notified by the Department of Telecommunications (DoT) from time to time.
