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Foreign equity holders in cellular cos may up stake.
(From Business Line)
from BUSINESS LINE, October 25, 2005 New Delhi, Oct 24 - THE Government's decision to increase FDI in telecom sector to 74 per cent is expected to result in some significant announcements over the next few weeks by existing foreign stakeholders in Indian cellular companies such as Airtel and Hutch
Market analysts also predict that the move to keep out foreign holding in Indian public sector banks and financial institutions, having investments in telecom companies from being counted as FDI, will see increased activity by financial institutions (FIs)
Ms Kobita Desai, Principal Research Analyst, Gartner India, said: "The decision …
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