India has decided to allow mobile services operations to be wholly owned by foreign investors, a move that is expected to lead multinationals to take full control of their Indian joint ventures by buying out local partners.
Sistema's mobile services joint venture in India has failed to get the country's Supreme Court to change its decision to cancel its mobile licenses.
India has cut in half the minimum bid price for 2G spectrum to be used by operators of CDMA services, after there were no bidders in an auction for the spectrum last year.
India's auction of mobile spectrum has not attracted new foreign investors, reflecting growing uncertainty about investment policies in the country and the growth potential of its mobile market.
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