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Govt wants to reduce overseas ownership in Internet providers

Govt wants to reduce overseas ownership in Internet providers
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First Published: Thu, May 10 2007. 01 24 PM IST
Updated: Thu, May 10 2007. 01 24 PM IST
Shailendra Bhatnagar, Bloomberg
New Delhi: The Telecom Regulatory Authority of India wants to cut overseas ownership in Internet service providers to 74% as part of a plan for a uniform policy that will bring them in line with phone service companies.
The regulator also recommended that companies providing Internet services pay an annual license fee of 6% of their yearly revenue, Nripendra Mishra, chairman of the Telecom Regulatory Authority, told reporters in New Delhi.
India plans to cut overseas ownership in Internet providers to 74% over two years, he said. Overseas companies can currently own all of an Internet service provider.
— With reporting by Gautam Chakravorthy in Mumbai
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First Published: Thu, May 10 2007. 01 24 PM IST
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