Telecom Commission to work out modalities on setting up Telecom Finance Corporation

May 17, 2013

Telecom Secretary, R. Chandrashekhar

Telecom Secretary, R. Chandrashekhar

The telecom commission (TC), the highest decision making body of the communication ministry, will meet shortly to work out the modalities on setting up a Telecom Finance Corporation, to help mobile phone companies support their network expansion, and also create three separate funds aimed at promoting indigenous manufacturing and research and development.

According to internal department documents, the TC will first consider setting up the Telecom Finance Corporation, a vehicle to access funds at competitive rates, that is modeled on lines of the Power Finance Corporation. Source

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