India May Impose Foreign Investor Cap on Tower Network Owners

India's telecoms regulator, the TRAI, has recommended imposing a cap on foreign investor stakes in telecom tower owners. Currently, foreign companies are allowed to own the entire of a tower operating company, but the regulator wants to impose a cap of 74% on foreign investors - identical to the cap on the mobile networks themselves. "We plan to bring all forms of telecom services under a unified license regime. Existing infrastructure providers would be required to take new unified licenses as soon as they come into being and the conditions in the unified license will apply to tower companies too," said an official told the Economic Times.