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 […]
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 […]
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 […]
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. […]
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” […]
Ondot Systems, the leading provider of mobile-based card services platforms, has integrated its solution with Access Softek to deliver a unified mobile banking and card control experience to financial institutions. Ondot’s and Access Softek’s mobile banking and card services platform provides users with a unified application that can control all card settings with just a […]
Dell EMC announces an expanded relationship with Spunk that will provide organizations with an analytics-driven approach to resolve infrastructure and application problems faster, reduce downtime and increase customer satisfaction. By combining technology from both Dell EMC and Splunk, customers can leverage a simpler path to the adoption and expansion of Splunk through a pre-engineered portfolio […]
The country’s largest bank SBI has sounded alarm bells over troubles of the telecom industry with its chairperson Arundhati Bhattacharya writing to the government regarding “highly unsustainable levels” of debt of mobile companies. Telecom industry’s debt to the banking sector is estimated at Rs 4 lakh crore.
Reliance Industries has raised the stakes in the multibillion-dollar battle for India’s mobile market, hinting that it will not halt a controversial free service until it believes it is no longer being unfairly targeted by rivals.
