The Department of Telecommunications (DoT) is considering a request by some Indian telecomms companies that they should be allowed to change their foreign joint venture partners before the expiry of a mandatory three-year lock-in period
The companies have stepped up their lobbying after the DoT allowed domestic paging companies to change their foreign partners more rapidly. The bleeding paging industry, which is claimed to be losing $5.71 million every month, needed to bring in new partners that could inject desperately needed fresh funds and expertise.
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