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In accordance with the New Telecom Policy' 99, the
Government has decided to open the International Long Distance Service
since 1st April 2002 to the private operators without any restriction on
the number of operators.
The applicant must be an
Indian company, registered under the Companies Act'1956. It shall have a
net worth as well as paid up capital of Rs 2.5 crores. The net worth
shall mean as the sum total, in Indian rupees, of paid up equity capital
and free reserves. The net worth of promoters shall not be counted. The
networth as well as paid up capital is to be maintained during currency
of the LICENCE.
The FDI limit is 74 per cent.
Both direct and indirect foreign investment in the licensee company shall
be counted for the purpose of FDI ceiling. FDI up to 49 percent will
continue to be on the automatic route. FDI in the licensee company/Indian
promoters/investment companies including their holding companies, shall
require approval of the Foreign Investment Promotion Board (FIPB) if it
has a bearing on the overall ceiling of 74 percent.
The licence for ILD service
shall be issued to the companies found eligible in all respect on
non-exclusive basis, initially for a period of 20 years extendable by a
period of five years, subject to satisfactory performance in accordance
with terms and conditions of the Licence particularly in regard to QOS
parameters.
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