AT&T Granted India License
Today’s announcement was made possible by the Indian Government’s new policy of November 2005 on Foreign Direct Investment (FDI), which allows up to 74% foreign ownership for companies doing business in the country. AT&T owns 74% of AT&T India while the remaining 26% equity is held by Mahindra Telecommunications Investment Private Limited.
AT&T presently supports its global customer requirements in India through a cooperation agreement with a local licensed service provider, consistent with government regulations. Once AT&T India becomes operational later this year, AT&T India will directly serve the corporate enterprise market – including the multinational company, information technology-enabled service companies , software and business process outsourcing sectors, comprising of companies headquartered in India and globally.
AT&T Global Network Services