The Foreign Investment Promotion Board (FIPB) has given Sistema Shyam TeleServices (SSTL) the green signal to offer national long distance (NLD) services, according to news reports.
It is believed that prior to this, the FIPB, in its February 15, 2011 meeting, approved SSTL’s proposal to amend the foreign collaboration approval on account of additional activities proposed.
SSTL had applied for FIPB approval in December 2010, since this was a pre-requisite to obtain an NLD licence from the Department of Telecommunications. The NLD licence will help SSTL become a full-fledged operator in the country since it will help the company save operating expenses for carrying STD traffic, instead of hiring other mobile company’s network for the purpose.
Owning its own network for NLD traffic, it will also help the company offer competitive STD tariffs to subscribers.
