India to relax foreign DTH ownership
India looks set to relax its tough limits on foreign ownership and inward investment into DTH broadcasting, as recommended by regulator TRAI recently.
Currently foreign players are limited to owning 49% of an investment in DTH broadcasting, pay-TV operations and including teleport Earth stations. Reports from India’s capital New Delhi state that these current limits will be raised to 74%. The same 74% ownership limit will also apply to satellite radio operators, potentially helping WorldSpace which has long sought to expand its presence in India.
But cable TV foreign ownership limits will stay at 49% which has angered that sector. Cablers wanted limits raised to 74%, on a par with telecoms companies. Non-Indian ownership of news and current affairs TV channels stays even lower, at 26%.