New Delhi: Unitech, which has purchased licences to offer telecom services in 22 circles in the country, will sell 10-50 per cent stake to a foreign company in its telecom services operations. The company is in negotiations with various foreign players for an equity alliance for the same. A lot of foreign companies already have alliances with Indian companies for various operations. As per existing norms, foreign direct investment of up to 74 per cent is allowed in telecom services. The company is yet to start negotiations with telecom equipment manufacturers though the official confirmed receiving queries from vendors. Unitech, which had applied for 22 circles via seven different companies, is among the nine new entrants that took the licences on Jan 10.
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