[icernet] DTH may take 6 more months

[Arul Selvan]

Even after government has given a go-ahead to Subhash Chandra's ASC for 
providing direct-to-home television, it may take up to six months for 
the service to become operational. Besides Essel Group company ASC, 
STAR's Space TV was the only other applicant for DTH services. According 
to the DTH guidleines issued by the government earlier, ASC will have to 
now pay a Rs 40-crore bank guarantee, Rs 10 crore as entry fee as well 
as 10 per cemt of its DTH revenue every year to the government. While 
allowing Indian companies to offer DTH services, government had 
clarified that while total foreign investment in the licensee company, 
including FDI/NRI/OCB/FII investment, shall not exceed 49 per cent, 
broadcasters can together hold no more than 20 per cent stake in the 
licensee company.

Source:
http://economictimes.indiatimes.com/cms.dll/html/uncomp/articleshow?msid=42546712