Government approves FDI infusion worth Rs 24.8 billion in ATC Telecom

The government has given its nod to the infusion of foreign direct investment worth Rs 24.8 billion in ATC Telecom.

ATC Asia Pacific is reportedly investing this amount for about 12 per cent share in the stock of ATC Telecom.

The government noted that this investment underlines the growing confidence of the foreign investor community in India’s telecom sector and its infrastructure.