In a reply to a question in Parliament, Communications Minister Ravi Shankar Prasad stated that it is proposed to set up a Telecom Finance Corporation which will be registered as a non-banking and non-deposit infrastructure company. It will be a Public Sector Company under the administrative control of DOT.
The Telecom Finance Corporation is intended to help the private telecom operators, who require massive funds for expansion, there is no doubt about the same. It is expected to be started by 2017. Whether there will be any benefit for the PSUs, BSNL and MTNL?