Telecom Commission to consider forming of Telecom Finance Corp on July 2

NEW DELHI: Inter-ministerial body Telecom Commission (TC) is likely to discuss the setting up of the Telecom Finance Corporation ( TFC) for facilitating investments in the sector at its meeting scheduled for July 2.

"Creation of TFC is one of the matters that will be placed before the Telecom Commission in next meeting," an official source told PTI.

The Cabinet has already approved creation of TFC under the National Telecom Policy 2012. It will aim at mobilising and channelising funds for telecom projects.

The inter-ministerial body will also examine if the government can divest or lower stake in Telecommunications Consultants India Ltd (TCIL).

"There is an order to evaluate divestment of government stake in various public sector unit. TC will evaluate if divestment is required in TCIL," a DoT official said.

The Commission may also review the status of National Optical Fibre Network (NOFN) and progress made in different Telecom Development Parameters.