Just last week, Maxis Communications went private with T Anand Krishnan’s firm Binariang GSM Sdn Bhd buying 99.44% stake in the company. Yesterday their were rumors that Anand Krishnan sold 51% of Maxis to Saudi Telecom. However, in a news flash to Tadawul – Saudi Stock Exchange, Saudi Telecom saidContinue Reading
With the opening of telecom sector and the Government of India allowing 74% Foreign Direct Investment (FDI) in the same, we are now hearing of companies from Singapore, Malaysia and Hong Kong which have have high interest in the Indian telecom business, especially the mobile business. SingTel (Singapore Telecom )Continue Reading
DoT has cleared the deck for Aircel to operate in seven more circles in India. Aircel currently operates in the circles of Chennai, TamilNadu, Assam, Orissa, West Bengal, Jammu & Kashmir and North East India. It has receievd approval from the DoT to start operations in Mumbai, Maharashtra, Karnataka, Rajasthan,Continue Reading
Earlier I reported that Maxis Telecom promoted by Malaysian billionaire Anand Krishnan had bought a majority stake in Aircel. Maxis having entered India through Tamilnadu now wants to consolidate further in Karnataka and Punjab by buying out B.K.Modis out of Spice Telecom. Modis hold 51% stake in Spice. Maxis is alsoContinue Reading
The much awaited 3G Spectrum auction is finally happening, almost smoothly except that potentially corrupt Telecom minister A.Raja is charged by the Office of Controller and Auditor General for causing a loss of over USD 5 bn to the Government. Anyway, after a careful study here is what Indian WirelessContinue Reading
Reliance Communications is ringing the cash register by offering its OFC network as as well as passive Infrastructure for other Telecom companies. The company has scored a hat-trick – RCom -Etisalat DB in July, RCom – S Tel just a few days ago and today its RCom – Aircel. TheContinue Reading
I must first step back a bit from my stand that new operators had a weak business case [cash flow wise, it appears so, who cares]. However, looking at the recent developments, they are going to disrupt the business case [at least in short to medium term] of even theContinue Reading
Reliance Communications has been granted 4.4Mhz spectrum in all the 14 circles where it wanted to start GSM operations. From various reports it looks like the DoT and the government has favored Reliance Communications, especially no transparency in accepting the recommendations on spectrum and issuing LoI to other incumbents. VodafoneContinue Reading
Accelerated coverage into interiors of India helped mobile operators add more cellular subscribers in August-07. As usual, RCom doesn’t have its numbers yet[Ambani doesn’t want to be first here ?] and excluding it, GSM operators added 5.95 million subscribers in August-07 taking the total GSM subscriber base to 147 million. Bharti Airtel continuesContinue Reading
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