C Sivsankran is an ambitious and cut-throat business man. ET reports that he is hitiing the JackPot again.(Recollect he has already built and sold DishNetDSL to Tatas after he was unsuccessful to win controlling stake in VSNL from the Government of India). He was in talks with the Hutchinson group earlier this year to sell Aircel(T.N & Chennai circles) a deal which was valued at Rs2,860 crores. (Rs14,300/subscriber) with 20 Lakh subscriber base.
Who is Buying Aircel ? Malaysian Billionaire and Telecom Barron, Ananda Krishnan’s Maxis Telecom is closing the Aircel deal @ Rs3,600 crores. Maxis has taken the right step in entering India considering future growth and synergies in the two networks.
Will C Sivsankaran step in Forbes Billionaires list now ? Hardly matters to him.
I am all exicted to write about the Convergence scenario in India. For some reason I don’t buy the argument of the term “_broadband_” as cell phones, PDAs, Landlines, etc..don’t fit in that category and hence I am going with Convergence. Also India has always stayed a step ahead, by bypassing technologies such as TDMA, Mainframes, etc. Don’t be surprised if their are more Microsoft Media Center users in India, than elsewhere in the world. Well I haven’t forgotten that how much I have invested to buy the domain BroadbandIndia.com in the hype.
What took me so long to start this ? Well I existed as Broadband India. I have torn down the site but will re-launch with new look and feel and we will move on to Convergence.In phasing out broadband.
And the tagline, “linking diversity!”. At first I thought of – Connecting Diversity, but doesn’t sound original as Nokia has “Connecting People” and Toshiba says, “Don’t Copy, Lead” . I wanted “Diversity” to be present no matter where, because India as a nation is rich with social and cultural diversity.
I caught up with corporate India during my early teens. Read a lot about Indian business in various magazines. So dont be surprised to see some postings where I talk about about promoters or CEOs background.
Please feel free to paint my thoughts in Black & White.