Tuesday, November 07, 2006

Yahoo given permission to offer internet telephony in India

Reported by on AlooTechie:

Yahoo has received permission from the government of India to offer internet telephony services in the country. The clearance will enable the company to offer internet-based voice services to users of Yahoo Messenger in India, reports CIO.

The US-based company is setting up Yahoo Internet Communications India to offer internet telephony in the country. To begin with the company plans to invest Rs 2 crore in the venture.

The government, while clearing Yahoo’s proposal, has said that the company will have to sell 26 per cent in its wholly owned subsidiary Yahoo Internet Communications India to domestic investors within five years.

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