Proposal to Set Up Telecom Finance Corporation
The
12th Five Year Plan (2012-2017) has recommended that Telecom Finance
Corporation may be created as a vehicle to access funds at competitive
rates to facilitate the funding needs to the Telecom Sector, in case of
requirement.
The National Telecom Policy-2012 has also envisaged the creation of
Telecom Finance Corporation as a vehicle to mobilize and channelize
financing for telecom projects.
The Telecom Finance Corporation proposes to facilitate investments in
the sector. It would be a financing agency to provide funds including
long and short term loans to Telecom Companies such as telecom
infrastructure providers, service providers, equipment manufacturers,
internet service providers etc.
This information was given by Shri Milind Deora, Minister of State for
C&IT in a written reply to a question in Rajya Sabha today.
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