DoT has issued a LoI to AT&T Global Network India, the Indian subsidiary of US telecom giant AT&T, to operate international and national long distance services. This is, however, subject to a clause that reserves DoT’s right to take action (including cancellation of the licence) if ongoing investigations against AT&T find the company guilty of evading taxes and operating long distance services without a licence. It has included another rider in the LoI, stating that the majority of the board members and top officials must be resident Indians. The company has reportedly already met this provision.
