Satellite Radio in India to share 4% of revenue with the Government

The Indian telecom regulator TRAI has recommended a cap on Foriegn Direct Investment of 76% and 4% revenue share with the government for Satellite radio in India.

Economic Times reports:

Currently, World Space is the only player in India to offer such a service. On the implementation of the new policy, WorldSpace will not only have to find a local partner to hold a 26% equity stake in its Indian operations, but will also have to share 4% of its revenues with the government here.