The 12th Five Year Plan (2012-2017) has recommended that Telecom Finance Corporation may be created as a vehicle to access funds at competitive rates to facilitate the funding needs to the Telecom Sector, in case of requirement.
The National Telecom Policy-2012 has also envisaged the creation of Telecom Finance Corporation as a vehicle to mobilize and channelize financing for telecom projects.
The Telecom Finance Corporation proposes to facilitate investments in the sector. It would be a financing agency to provide funds including long and short term loans to Telecom Companies such as telecom infrastructure providers, service providers, equipment manufacturers, internet service providers etc.
This information was given by Shri Milind Deora, Minister of State for C&IT in a written reply to a question in Rajya Sabha today.