Corporates

Not just a pretty face: Bloomberg’s award-winning European HQ has a state-of-the-art intent-based network

February 17, 2019
Not just a pretty face: Bloomberg’s award-winning European HQ has a  state-of-the-art intent-based network

In a recent presentation at The Ned (former Midlands Bank) just down the road from Bloomberg’s new European headquarters in the city of London, we learned why Bloomberg chose Apstra over other, better known intent-based networking technology companies.  The occasion was doubly interesting because of Apstra’s reputation as a company to watch, and because the […]

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Anil Ambani’s Reliance Communications files for insolvency

February 3, 2019
Anil Ambani’s Reliance Communications files for insolvency

Reliance Communications, controlled by the Anil Ambani group, Friday decided to opt for insolvency proceedings through the National Company Law Tribunal (NCLT) after failing to sell assets to pay up debt to the tune of around Rs 45,000 crore. “RCom board of directors decides upon implementation of debt resolution plans through NCLT framework,” the company […]

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Bharti Airtel loses 57million mobile customers in December 2018

February 3, 2019
Bharti Airtel loses 57million mobile customers in December 2018

Telecom giant Bharti AirtelNSE 1.78 % lost 5.7 crore (57 million) mobile customers in December 2018, according to a company statement released Thursday. Its mobile customer base in India at the end of December 2018 stood at 28.42 crore. According to subscriber base report of telecom regulator Trai, Airtel had 34.1 crore mobile customers at […]

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Jio could emerge as telecom market leader in FY20

February 3, 2019
Jio could emerge as telecom market leader in FY20

Reliance Jio Infocomm could emerge as the biggest telecom operator in fiscal year beginning April 1, a period which is unlikely to see the return of adequate pricing power for the financially stricken industry, said India Ratings and Research. “RJio’s dominance will increase as it would continue to seize market share in terms of both […]

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Indian telecom merger to create one of world’s biggest tower firms

May 18, 2018
Indian telecom merger to create one of world’s biggest tower firms

India’s Bharti Infratel has agreed to merge with Indus Towers, in a deal that creates the world’s second-biggest telecom tower company with an estimated equity value of $14.6 billion. Seeking to capitalise on rapid growth in smartphone usage in the country, the transaction, which values Indus Towers at about $10bn, will create an infrastructure giant […]

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DoT approves merger of Bharti Airtel and Telenor India

May 18, 2018
DoT approves merger of Bharti Airtel and Telenor India

The Department of Telecom (DoT) today approved the merger of Telenor India with Bharti Airtel, according to an official source. “The DoT has approved merger of Telenor India with Bharti Airtel this morning,” the official source told PTI. The Supreme Court last week rej ected DoT’s petition for security deposit of around Rs 1,700 crore […]

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Indian Telecom Sector’s Gross Revenue Dropped 8.5% in 2017

May 18, 2018
Indian Telecom Sector’s Gross Revenue Dropped 8.5% in 2017

Telephone subscription in urban areas increased from 683.14 million at the end of December 2016 to 688.25 million at the end of December 2017 at the yearly growth rate of 0.75 percent. The gross revenue of the telecom service sector declined from Rs 279,591 crore in 2016 to Rs 255,655 crore in 2017 with a […]

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Telecom sector leads M&A activity in India with six deals

February 6, 2018
Telecom sector leads M&A activity in India with six deals

Corporate India’s deal tally, including M&As as well as private equity, amounted to USD 60.5 billion driven by big ticket consolidation and the outlook for remains bullish for this year, says a report. According to assurance, tax and advisory firm Grant Thornton, there were 1,147 deals (M&A and PE) worth USD 60.54 billion last year. […]

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Apstra, Prof. David Cheriton Triumph at NetEvents 2017 Innovation Awards

October 4, 2017
Apstra, Prof. David Cheriton Triumph at NetEvents 2017 Innovation Awards

The winners of the IoT, Cloud & Cybersecurity Innovation Awards 2017 were announced at the NetEvents Global Press & Analyst Summit in San Jose, California, USA. For the Hot Start Up category, the finalists, including Mansour Karam CEO and Founder of Apstra were nominated by the international press community and had to present “shark tank” […]

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