India rings up many bidders in auction of telecom sector despite risk factors

Article Abstract:

India will conduct what may be one of the biggest auctions ever as it opens its huge telecommunications market to foreign investors. The government is currently evaluating private bids to build and operate 20 million telephone lines throughout the country over a five-year period. It is set to auction off rights to provide telecommunications products to a huge market consisting of one billion potential consumers. The auction is expected to generate up to $8 billion in license and access fees by the year 2000.

Investments, Telecommunication policy, Telecommunications policy

---

Despite probe, Indian official vows to keep telecom privatization going

Article Abstract:

Indian Finance Minister P. Chidambaram vows to use his influence in ensuring the continuation of the ongoing privatization of India's telecommunications market despite a scandal concerning the former minister who launched the project. Findings from police raids in the homes of former Indian telecommunications minister Sukh Ram brought doubts over the licenses for telephone services in India. Ram has attracted billions of dollars in 1994 through bids for investment by foreign companies.

Management, Privatization, Privatization (Business)

---

Now is the time to liberate the telecom industry

Article Abstract:

The economic crisis that Asia is experiencing can be an opportunity for its governments to open the telecommunications sector to both foreign and local investors and improve competition. The influx of badly needed capital can benefit Asian countries with inadequate infrastructure, high tariffs and costs. Governments should allow more open systems by abolishing antiquated and prohibitive telecommunications sector regulations to remove barriers and stimulate investor activity.

Asia

Similar abstracts:

• Abstracts: Pattern fails on rights report: Britain defers obligation despite request by UN. UN to examine Patten report
• Abstracts: Australia looks for ways to retain its attraction for Japanese tourists. Promoters tout Labuan as a tourist haven, too
• Abstracts: Compaq powers up in Japan: company plans big expansion of sales force. NEC to buy 19.99% stake in U.S.-based Packard Bell
• Abstracts: Suharto juggles protection of industries with opening economy to foreign firms. Rupiah's liberty deals double blow to debt-laden firms; painful adjustment to foreign-exchange volatility dawns upon southeast Asia's market change
• Abstracts: Market recovery under way. Japan valuations go global. Analysts say investors should tread cautiously in recovering Tokyo market

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.