Briefs: India's foreign telecom investment grows

Dec 09, 2005

Foreign investment in India's telecom sector will top $2 billion this year, fueled in large part by Vodafone's 10-percent stake in Bharti Tele-Ventures.

A report in the Financial Express this week pegged the total Foreign Direct Investment in the telecom and IT sector at $9 billion.

The manufacturing of telecom networking and handsets contributed to $2.5 billion in FDI, which is described in reports as "much higher" than India's total exports of telecom services and equipment during 2003-2004.

The IT sector benefited from major commitments by chip makers and Cisco Systems to open production facilities and make other investments in the country.

Copyright 2005 by United Press International

Explore further: Social Security spent $300M on 'IT boondoggle'

add to favorites email to friend print save as pdf

Related Stories

From recession's wake, education innovation blooms

Aug 04, 2013

On a warm spring evening, hundreds of investment bankers, venture capitalists and geeky tech entrepreneurs gathered near the pool of the Phoenician, a luxury resort outside Phoenix. The occasion? A high-profile ...

Apple faces competitive hurdle in Brazil market

Jul 10, 2013

On a recent vacation to Orlando, Fla., from his home in Brazil, Tulio Avellar made sure to stop by such world famous tourist destinations as Walt Disney World and Universal Studios.

Myanmar moves to delay foreign telecom deals

Jun 26, 2013

(AP)—Foreign companies hoping to tap into one of the world's final telecom frontiers grappled with lingering political uncertainties Wednesday after Myanmar's lower house of parliament ruled that licenses ...

Africa is land of opportunity for Microsoft

Mar 21, 2013

When Microsoft announced recently that it was starting a big push to grow its market in Africa, it cited the continent's big growth opportunities, calling Africa a "game changer in the global economy."

Recommended for you

Fukushima study: Think about unthinkable disasters

58 minutes ago

(AP)—A U.S. science advisory report says a key lesson from Japan's Fukushima nuclear accident is that the nation's nuclear industry needs to focus more on the highly unlikely but super-serious worst case scenarios.

FX says overnight ratings becoming meaningless

1 hour ago

(AP)—It's a rite nearly as old as television: the morning after a new show premieres, network executives wait impatiently for the Nielsen company's estimate of how many people watched, and rush to report ...

UK: Former reporter sentenced for phone hacking

3 hours ago

(AP)—A former British tabloid reporter was given a 10-month suspended prison sentence Thursday for his role in the long-running phone hacking scandal that shook Rupert Murdoch's media empire.

Evaluating system security by analyzing spam volume

3 hours ago

The Center for Research on Electronic Commerce (CREC) at The University of Texas at Austin is working to protect consumer data by using a company's spam volume to evaluate its security vulnerability through the SpamRankings.net ...

User comments : 0