Comments Off Wynn Telecom, a part of the Rs 2,500 crore SAR Group, today said it plans to invest Rs 500 crore in the Indian market by the end of FY12. Continue reading 'Wynn Telecom to invest Rs 500 cr in India by FY12-end'»
Comments Off Reliance Communications Ltd (RCom), the country’s second largest mobile telephony company by subscribers, will likely get Rs16,000-18,000 crore in cash following the merger of its telecom tower assets with that of GTL Infrastructure Ltd, according to analysts who have interacted with the company. Continue reading 'RCom may get Rs18,000 cr in cash from GTL deal'»
Comments Off Saudi Telecom Company, the Arab world’s largest telecom company by market value, may buy 10% to 15%stake in a newly created GTL-Reliance Infratel tower unit, the Business Standard reported on Tuesday. Continue reading 'Saudi Telecom may buy stake in GTL-Reliance Infratel'»
Comments Off MTN, Africa’s largest cellphone network operator, was in talks to buy a substantial stake in India’s Loop Telecom in its bid to enter the world’s fastest-growing wireless market, it was reported yesterday. Continue reading 'MTN denies rumours it seeks a stake in India’s Loop Telecom'»
Comments Off French media and telecom giant Vivendi is negotiating with Reliance Communications (RCOM) to buy a 26% stake in the firm, as the Anil Ambani-led company seeks to bring down the level of debt. The two companies have been talking for a month and “discussions are now at an advanced stage”, said a person with direct knowledge of the negotiations. Continue reading 'French giant Vivendi seen leading race for 26% stake in RCOM'»
Comments Off Reliance Industries Ltd., India’s most valuable company, has increased its risk by buying a broadband provider in a move that carries “negative credit” implications, Moody’s Investors Service said. Continue reading 'Reliance Industries’ Risk Rises on Telecom Unit, Says Moody’s'»
Comments Off Investment in the Indian telecom sector will peak at $40 billion during the current fiscal as the country presses on to build a network of one billion mobile phones over the next two years, the Telecom Equipment and Services Export Promotion Council has said. Continue reading 'Telecom investment set to peak at $40 bn this year'»
Comments Off Mukesh Ambani-led Reliance Industries is likely to invest $5 billion (approximately Rs 23,375 crore) in about two years from now, as it completes its telecom rollout for broadband access across India, the company spokesman said. Continue reading 'RIL may invest $5 bn in telecom'»
Comments Off In the list of winners in India’s auction for broadband wireless spectrum, one stands out: Qualcomm Inc. of San Diego. The chipset maker won one spectrum in the 2.3 gigahertz band encompassing Delhi, Mumbai, Haryana and Kerala — four areas where India’s infrastructure development and telecom and Internet usage are high. For that, it paid $1.05 billion. Continue reading 'Qualcomm’s $1 Billion India Bet'»
Comments Off The Ruias of the Essar Group will transfer their 11% stake in Vodafone Essar Ltd, the third largest mobile telephony operator by users, to listed group firm India Securities Ltd (ISL). Continue reading 'Essar to transfer 11% Vodafone stake to arm'»
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