India to permit overseas firms bid for 3G licences, papers say

26 Apr 2007

Indian media sources are reporting that the government will allow new international players to bid for 3G licences when they become available. ‘We want new international players to come to India and offer their services,’ The Mint Daily quoted Communications and Information Technology Minister Dayanidhi Maran as saying. ‘The auction for 3G spectrum will be completely distinct from the existing mobile licences and services,’ Maran added. Under current legislation, India allows foreign share ownership of up to 74% in telecoms companies.