Article: DoT Clears Air over AT&T Stake in Birla and BPL Ventures.(Birla-AT&T,)(BPL Cellular)

The Department of Telecommunications (DoT) has decided not to pose regulatory hurdles regarding AT&T's equity stakes in Birla-AT&T and BPL Cellular, the two cellular service providers in the Maharashtra circle.

AT&T has a 49 percent stake in the venture with the Birlas, and has recently taken over US-based Media One, which has 40 percent stake in BPL Cellular.

According to telecom guidelines, foreign players until now could hold up to a 49 percent stake in a cellular service provider. ...

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