TC may discuss of setting up of Telecom Finance Corp on July 2

Telecom Commission (TC) will meet on July 2 to discuss the setting up of the Telecom Finance Corporation (TFC) for facilitating investments in the sector.

The Cabinet has already approved creation of TFC under the National Telecom Policy 2012. It will aim at mobilizing and channelizing funds for telecom projects.

The inter-ministerial body will also examine if the government can divest or lower stake in Telecommunications Consultants India (TCIL), PTI reported on Thursday.

“There is an order to evaluate divestment of government stake in various public sector units. TC will evaluate if divestment is required in TCIL,” a DoT official said.

The Commission may also review the status of National Optical Fiber Network (NOFN) and progress made in different Telecom Development Parameters.

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