Returns India Long Distance calling card calls to india opens up the door to new providers
AT&T returns to India, eyes long-distance services
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(The Times of India via NewsEdge) AT&T is set to return to India and this time it is tying up with the Anand Mahindra group for entering the booming long distance telephony and Internet business.
The joint venture AT&T Global Network Services, which received a go-ahead from the Foreign Investment Promotion Board, will shortly file an application with the telecom department, seeking a license to offer ILD, STD and Internet services.
The company hopes to commence operations over the next two-four months, subject to receipt of license. AT&T will hold 74% stake in the joint venture, while the remaining holding will be the Mahindras.
AT&T GNS intends to focus on the enterprise segment to begin with and it is unclear if and when it would offer services to retail customers.
AT&T's return follows the communications ministry's recent move to open the long distance business to greater competition by reducing the entry fee and revenue share.
AT&T has business interests in India in the international long distance business through tie-ups with Indian carriers like VSNL, Reliance and Bharti, though it does not have operations in the country at the moment.
The US giant first came to India primarily as a shareholder in Birla AT&T, a cellular service provider, in 1995, which later merged with Tata to form Idea.
© 2006 The Times of India
© 2006 Dialog, a Thomson business. All rights reserved
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(The Times of India via NewsEdge) AT&T is set to return to India and this time it is tying up with the Anand Mahindra group for entering the booming long distance telephony and Internet business.
The joint venture AT&T Global Network Services, which received a go-ahead from the Foreign Investment Promotion Board, will shortly file an application with the telecom department, seeking a license to offer ILD, STD and Internet services.
The company hopes to commence operations over the next two-four months, subject to receipt of license. AT&T will hold 74% stake in the joint venture, while the remaining holding will be the Mahindras.
AT&T GNS intends to focus on the enterprise segment to begin with and it is unclear if and when it would offer services to retail customers.
AT&T's return follows the communications ministry's recent move to open the long distance business to greater competition by reducing the entry fee and revenue share.
AT&T has business interests in India in the international long distance business through tie-ups with Indian carriers like VSNL, Reliance and Bharti, though it does not have operations in the country at the moment.
The US giant first came to India primarily as a shareholder in Birla AT&T, a cellular service provider, in 1995, which later merged with Tata to form Idea.
© 2006 The Times of India
© 2006 Dialog, a Thomson business. All rights reserved
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