Trai allows 74% FDI for cable TV operators
The Telecom Regulatory Authority of India has proposed that cable TV operators be allowed to increase their FDI cap from the existing 49 per cent to 74 per cent to bring them at par with the telecom sector.
TRAI told the Government that the FDI levels for the two sectors should be at par because there was a convergence of services beginning to happen. The telecom regulator said that communication services such as Internet Protocol Television (IPTV) and broadband can be offered by cable TV operators also and, therefore, the FDI level for the two sectors has to be the same to address issues of level playing field.
The TRAI move comes within a month of the Government allowing telecom firms to have foreign direct investment of up to 74 per cent.
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