Telecommunication sector in India liberalized to bridge the gap through government spending & to provide additional resources for the nation’s telecom target. Private sector allowed participating
The telecom industry gets an annual foreign investment Rs 20.6 million
License for providing cellular mobile services granted by the government of India for the Metropolitan cites of Delhi, Mumbai, Kolkata & Chennai. Cellular mobile service to be duopoly (i.e. not more than two cellular mobile operators could be licensed in each telecom circle), under a fixed license fee regime for 10 years.
19 more telecom circles get mobile licenses
Kolkata became the first metro to have a cellular network
Telecom Regulatory Authority of India is set up
Annual foreign investment in telecom stands at Rs 17,756.4 million.
FDI inflow into telecom sector falls by almost 90% to Rs. 2126.7 million
Tariff rebalancing exercise gets initiated
National Telecom Policy is announced.
FDI inflow drops further down to Rs 918 million coming