British Telecom (BT) is on its way to becoming an operator offering ILD and NLD services in India, a report from the Economic Times of India said.
The report said this could mark the entry of the first international player in the long distance telephony market in the country.
The report, quoting industry sources, said the British telecom giant was setting up a new venture in India where it would have a 74% stake.
It was also currently initiating moves to form a new company under its BT Telecom India unit, the report added.
BT's planned entry into the domestic consumer market came at the heels of talks about a draft telecom policy on a carrier access code regime, which would allow consumers in India to choose their carrier while making long distance calls, the report said.
However, it could not be ascertained whether BT was looking at a single Indian partner holding a 26% stake or a string of portfolio investors to comply with the FDI regulations, the report added.