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Hutchinson which is in a major clean-up operation before its proposed IPO offered to buy Hindujas 5.11% stake in Hutch @ Rs2025 crores($450 Million). At the current offer price Hutch is valued at $9.0 Billion. At the end of March-2006, Hutch had a subscriber base of 90 Lakhs(9 Million) whichContinue Reading

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Tata’s controlled VSNL is planning to launch fixed line telecom services in South Africa reports PTI. Tata’s already own 26% stake in South African telco, SNO. It is hard to understand why Tata’s are in such a hurry to expand in South Africa when their is tremendous growth potential inContinue Reading

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Romy Juneja’s MobileNXT wants to setup country’s first chain of mobile retail offering mobile products, services and value addition through mobile stores. MobileNXT is targetting all tier-2 and tier-3 cities in India as Romy believes they are underserved. MobileNXT expects to achieve a turnover of Rs350 crores within the nextContinue Reading

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I had earlier reported about the Asian corridor deram which Maxis, Singtel, Bharti and others are pursuing. It was formed under the brand name Bridge Mobile Alliance(BMA). BMA partners include CSL (Hong Kong), Globe Telecom (Philippines), Maxis (Malaysia), SingTel Mobile (Singapore), SingTel Optus (Australia), Taiwan Mobile (Taiwan) and Telkomsel (Indonesia).Continue Reading

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I have to agree with Om over Piper Jaffray projections of $11 billion for mobile search market. Atleast half the cell phone users in the US do not use SMS actively. Atleast 75% of the users have outdated handsets and are locked in a year or two agreement. Its onlyContinue Reading

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Idea Cellular, Tata’s and Birla’s JV(after exit of AT&T) for providing GSM cellular service ran into rough weather when, Kumar Birla declared that Telecom was a thrust area for the A V Birla group. Tata’s kicked off their telecom venture in early 90s with investment in Idea and later whenContinue Reading

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The Indian mobile subscriber base is growing at such a rapid pace(60% YoY) that it is soemtimes impossible to make calls from busy places like Mumbai’s Dalal Street or New Delhi’s Connaught Place during peak hours inspite of mobile operators making provisions for additional capacities. Thus people tend to carryContinue Reading

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Its just not that real estate in Bangalore/Gurgaon or the Mumbai stock exchange SENSEX touching new highs, but the Indian Internet properties are also getting hotter. India had approximately 40 Million Internet subscribers at the end of 2005, witnessing a growth of 54% YoY. As reported in Business 2.0, goodContinue Reading