News Roundup: 51% FDI In Multi-Brand Retail

FDI clearance report

A government panel on Friday recommended opening up India’s multi-brand retail sector to foreign direct investment. Foreign firms, after this law is amended, can take a majority stake of 51 percent in a retail enterprise [source].

DoT may allow spectrum sharing to meet shortage

After dilly-dallying for a long time, the government is likely to allow sharing of spectrum among telecom operators, a move that would help overcome the shortage of spectrum that has affected the quality of mobile services badly.
This would also help smaller operators with less subscribers to earn revenues by way of sharing spectrum lying vacant with them.[source]

Bharti Airtel joins race to acquire NetOne, Zimbabwe’s third largest cellular mobile network

Exactly a year after it entered the African telecom market with its $9 billion acquisition of Zain’s operations in that continent, Bharti Airtel is aiming to expand its footprint and has joined the race to pick up stake in NetOne, Zimbabwe’s third largest cellular mobile network.[source]

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