Tencent Invests in MIH Internet – ibibo + dwaar + onefamily .com
Tencent Holdings has announced an USD 7.5 Mn investment over a 3 year period in MIH India Global Internet, promoter of Indian Social Networking site – ibibo.com, local search engine dwaar.com and a family tree portal onefamily.com. Naspers Limited promoter of MIH India Global Internet holds substantial equity in TencentContinue Reading
Intra circle roaming permitted
In a circular, the Department of Telecommunications / DoT has permitted mobile operators (both existing operators and license holders) in India, to provide intra service area (intra circle) roaming facility based on mutual commercial agreements amongst each other. Now why would one need Intra Circle Roaming ? Companies like SpiceContinue Reading
GSM subscriber base crosses 200 million
GSM operators reported combined subscriber net-adds of 6.6M in May versus 6.5M in April assuming that Reliance Telecom’s net adds in May were same (342,000) as in April (the numbers have not been disclosed yet). GSM mobile subscriber base has now crossed the 200 M mark and now stands atContinue Reading
Northgate’s Social Media Exchange records solid growth
Northgate Technologies promoted Social / Online Media Exchange platform that is powered by Axill, has recorded solid growth of 82% YoY and accounted for 82% of total revenues of the company. Northgate launched the beta version of Social Media Exchange (SMX), an online platform connecting buyers and sellers. The platformContinue Reading
MTN to takeover Reliance Communications in Entirety ?
The second generation of Ambani is quite different from the first. Dhirubhai always wanted to Build world class industries, however, Anil Ambani is always tilted towards a BUY instead of BUILD. [Recall Ambani’s unsuccessful bid for Hutchison Essar] If reports from the WSJ are to be believed [I can’t believeContinue Reading
Is MTN looking to Acquire than be Acquired ?
From the recent outcome of Bharti Airtel negotiations, it appears that MTN Group is looking to acquire than be acquired by a foreign Telco. Regulatory issues and the need to know local operating conditions in 21 countries mean any acquirer must be prepared to ensure continuity of management. This, togetherContinue Reading
Is Anil Ambani selling Reliance GSM story to MTN ?
After Sunil Mittal of Bharti Airtel hung up on MTN group, Anil Ambani of RCom is now in the fray to snap up or merge or [????] MTN into itself. However, Ambani has a tough task on hand – Roll out Reliance GSM services in India and also prepare forContinue Reading
Google embracing Third Party Ad Networks
Google in a communication has said that it is accepting display ads from Third party vendors. This means like qualified and ethical vendors such as Komli have good chance to grow with Google. However, these vendors must adhere to Google’s policy – No Po*n and Don’t be Evil 🙂 [WeContinue Reading
Bharti Airtel’s Terabit OFC Network to connect Europe and India
Bharti Airtel’s CEO, Mr. Mittal is in London seeking finance for MTN Wireless bid. However, his Enterprise Services, President – David is busy connecting India to Europe. David announced the building of 15,000 km 3.84 Terrabit OFC sub-marince cable system connecting Europe [London] to India via the Middle East. The project is knownContinue Reading