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After SEZs, its time for a wirless park. Telecom multinationals operating in India – Nokia,Motorola and Siemens are setting up shop in Jarkhand’s Rs75 Crores wireless park. Hutch and Essar continue to battle over BPL mobile’s Mumbai circle. Latest acquistion by Esaar group is, Hutch executives tried to poach theContinue Reading

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Tech Mahindra’s IPO closed today and according to figures made available by the National Stock Exchange of India, the issue has received terrific response. The institutional part of the issue was oversubscribed by a whopping 104 times leading to a collection of Rs29,000 crores($6.3 Billion). However, institutions will get allotmentContinue Reading

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You must have probably heard the punchline – Partners in Progress. But welcome Hutch-Essar, they are partners in fight 🙂 Hutch-Essar have both indulged in few shady deals, to take the company public and make the promoters rich. Essar group had bought BPL Mobile for $1.1 Billion. Essar offered toContinue Reading

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I was determiend to find out what were the 4th cellular operators license costs in India that were auctioned of in 2001. I first looked at DOT & TRAI but I couldn’t expect more from them being government managed websites. Then I landed up on Hindu. I found two reportsContinue Reading

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Finally, the Anil Ambani controlled Reliance Infocomm thought it was time to declare results and bring some transperency. Blame it on the Indian government’s telecom policy or Ambani’s inherited busienss practice, it is still not very clear who holds how much in Reliance Infocomm with so many subsidiaries and crossContinue Reading