Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Global telecom major AT&T Inc is planning to re-enter the Indian telecom market through a joint venture with Mahindra Air Services, part of a leading corporate group, Mahindras.
The venture, 74 percent owned by AT&T Global Network and 26 per
cent by the Indian partner, will offer Internet, international
long-distance and national long-distance services.
This would be AT&T’s second entry in the Indian telecom services
space. Earlier, AT&T Wireless had a 33 percent stake in Idea
Cellular Services along with two large Indian corporate houses -- the
A.V. Birla Group and the Tata Group – which was later sold in 2004.
The new company will be called AT&T Global Network Services India
and AT&T will invest $4 million n the business initially as its
equity contribution.
As per the company's new plans, it will have a service mark agreement
with AT&T Inc of the US to use the AT&T brand. The Indian
company will pay a royalty fee of $5,000 initially and 4 percent of the
annual sales subsequently.
The new company will also offer services like global networking and
broadband services, video multicasting and global scheduling.
The company has applied to the Foreign Investment Promotion Board
(FIPB) for its permission to invest in the Indian telecom business.
As per the present policy, foreign direct investment (FDI) upto 74 per
cent is permitted in the areas the company plans to enter while FDI up
to 49 percent is allowed in the telecom services through automatic
route and upto 74 per cent with the permission of the FIPB.
In addition, the present policy also permits 100 percent FDI in
Internet service providers (ISPs) without gateways, infrastructure
service provider companies, electronic mail and voice mail services.
This proposal, submitted last month, was earlier deferred by the FIPB
following the Department of Telecom (DoT) seeking some clarifications.
The decision to defer permission to AT&T followed requests from DoT
that since the company proposed to undertake a very wide range of
activities, the DoT needed more time to examine the details.
David Bass
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Global telecom major AT&T Inc is planning to re-enter the Indian telecom market through a joint venture with Mahindra Air Services, part of a leading corporate group, Mahindras.
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