By:
On:
In: Mobile, Telecom

Convergence India insiders have learnt that TRAI & the Govt of India to protect consumers interest have ordered all the Cellular operators in India to comply with the mobile number portability guidelines and recommendations. Cellular operators have been given a time frame of 1 year. The scheme should be effectiveContinue Reading

By:
On:
In: Telecom

Reliance Communications Venture Limited, the holding company of Reliance Telecom and Reliance Infocomm started trading on March-6th. The stock closed at Rs290 giving it a market capitalisation of around Rs35,000 crores (USD 8 Billion). The financials of the company are still not crystal clear as group and family interests haveContinue Reading

By:
On:
In: Telecom

After landing in Bangalore took Shatbadi to my native. It was nice to see that Reliance Telecom’s internet working on train. I feel this service is extremely useful for folks on the move. All you need is a PCMCIA card from Reliance which will cost Rs6500 and Rs1500 subscription feesContinue Reading

By:
On:
In: Telecom

At last the Finance Ministry is listening to Telecom operators woes. It is reliably learnt that Telecom will be treated at par with core infrastucture like Power and Roads in the upcoming budget on Feb-28th. The significance of this will be Telecos will get a 10 year 100% tax exemption whichContinue Reading

By:
On:
In: Mobile, Telecom

Bharti Televentures’ business model was applauded by IBM CEO Sam Palmisano during IBM business leadership forum in China where top CEOs from the western world participated. In Feb-2004, Sunil Mittal, CEO of Bharti took a bold step in outsourcing its cellular network operations to its equipment vendors – Nokia, Ericsson and Siemens.Continue Reading

By:
On:
In: Telecom

Warburg Pincus one of the most successfull VCs that backed Bharti Telcom since the beginning was consistently selling its stake and completely exited with it’s last 4.4% stakesale to Vodafone in Q4-2005. Now it is reliably learnt that SingTel has hired a merchant banker to value its whopping 31% stakeContinue Reading

By:
On:
In: Telecom

A major TV channel reported that Bharti Televenture had accumulated losses of Rs2200 crores which were hidden by intelligent accounting practices. PTI release says Bharti executives have confirmed that their was nothing wrong in their acounting procedures and have even got Vodafone to back their statement(Vodafone, in October – 2005 bought 10%Continue Reading