Regulators

Nod to Idea, Star Den & four may fetch Rs 1200 cr FDI; You & Crest proposals deferred

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/12/30/SHRIKANTA-DAS.jpg?itok=NWNYDSYy

MUMBAI: Inter-ministerial body Foreign Investment Promotion Board has okayed six investment proposals, including Idea Cellular and Star Den Media Services expecting an investment of Rs 1,200 crore (USD 176.5 million).

Idea Cellular Infrastructure Services (ICISL) had filed an application to raise foreign investment level in it to 67.5 per cent. ICISL is a wholly-owned subsidiary of Idea, which has become a foreign-owned firm with more than 50 per cent overseas investment. Star Den Media Services Pvt. Ltd. develops and distributes television, cable, and the related network platforms. It offers a platform for distributing television channels in India through all fixed networks including cable, direct to home, and internet protocol television.

Other proposals which got a go-ahead are -- Sanofi Synthelabo India, Boehringer Ingelheim India, A Menarini India Pvt Ltd and Recipharm Participation. The FIPB, led by the economic affairs secretary Shaktikanta Das, rejected three proposals, including AMP Solar India Pvt Ltd. and six proposals were deferred for further consultation and want of more information.

Among the proposals deferred were You Broadband India, Crest Premedia Solutions and Scientific Publishing Services.

Indiantelevision.com had earlier reported that the board will consider 17 foreign investment proposals on 28 December, including that of Star Den Media.

FIPB had in June this year rejected a proposal of Flag Telecom Singapore, a wholly-owned unit of Reliance Communications (RCom), to set up a telecom subsidiary in India. Flag Telecom reportedly planned to acquire a company, payout for which would have been around US$120 million -- in two parts.

India allows FDI in some of the industry sectors via the automatic route, but, in certain segments that are considered sensitive for the economy and security, the proposals need to be cleared by FIPB first. FIPB had earlier met on 26 September to consider foreign investment proposals, including that of Idea Cellular.

The Indian government has taken a series of measures in the recent past to give a fillip to foreign direct investment. In the first half of the current fiscal year, the inflows were USD 21.62 billion. FDI increased by 29 per cent to USD 40 billion in 2015-16 as compared to the previous fiscal.

Also Read:

Star Den, Flag Telecom, You & Idea FDI meet on 28 Dec

Govt defers decision on FDI for Vodafone to acquire You Broadband

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/12/TRAI-Story.jpg?itok=P16l-_NQ
TRAI releases paper on OTT expanding its definition

India’s telecom and broadcast regulator TRAI today released another consultation paper on OTT services seeking to expand the definition of the sector and also the regulator’s jurisdiction over a sector hitherto “unregulated”.

Regulators TRAI
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/09/mib_0.jpg?itok=4TdkBXLo
MIB extends feedback deadline date on mandatory sports feed sharing norms

Ministry of Information and Broadcasting (MIB) has extended the deadline to give feedback on the draft sports broadcasting signals (Mandatory Sharing with Prasar Bharti) (Amendment) Bill, 2018 till 31 December 2018.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/09/mib.jpg?itok=0MbRLtLR
MIB gives permission to two new channels - Khalsa and Nireekshana TV

The Ministry of Information and Broadcasting (MIB) after being lenient for couple of months in awarding channel licenses, is back to being strict. In the month of October, two new channels received licenses while none saw their licenses cancelled as on 31 October 2018.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/09/trr.jpg?itok=_x2jgTGm
TRAI, telco chiefs to meet in December over OTT regulation

The Telecom Regulatory Authority of India (TRAI) is scheduled to meet top executives of telcos in the month of December.

Regulators TRAI
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/31/sc.jpg?itok=AkHVHmXl
SC upholds TRAI Act over Copyright Act in tariff order case

The two-judge bench of the apex court with Justices Rohinton Fali Nariman and Navin Sinha dismissed the Star India’s appeal against Telecom Regulatory Authority of India’s (TRAI) recent tariff order. The principal area of the argument by the broadcaster was that the pricing of the content cannot be...

Regulators Supreme Court
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/31/Trai800.jpg?itok=P_Ll03H3
AIDCF welcomes Supreme Court judgement which upholds TRAI jurisdiction

In the matter of the new Tariff Order and Interconnection Regulations as notified by TRAI in March 2017, the Supreme Court has today upheld the jurisdiction of TRAI to frame the above mentioned regulations.

Regulators TRAI
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/30/trai.jpg?itok=05UgkJtj
TRAI wins tariff order case in Supreme Court

The Telecom Regulatory Authority of India has come on tops in the long running battle between it and broadcaster, cable, DTH operators on whether it has pricing of content comes under its purview. The Supreme Court has finally given the long-awaiting verdict on Star India versus Telecom Regulatory...

Regulators TRAI
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/19/I%26B.jpg?itok=swj9cao5
MIB proposes to change mandatory sports feed sharing norms

In what could have far reaching effects on the financial viability of sports TV channels or streaming platforms, which acquire exlcusive rights for sporting events for the India region spending billions of dollars.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/13/logo.jpg?itok=aKEOIe39
TDSAT asks SPN, Tata Sky to reach an agreement in 4 weeks

The Telecom Disputes Settlement Appellate Tribunal (TDSAT) has heard the case on the recent commercial dispute between Sony Pictures Networks India (SPN) and Tata Sky on a failed negotiation. TDSAT heard the case on 11 October and advised the parties to take four weeks to try and reach a mutually...

Regulators TDSAT

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories