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Reliance Communications acquired Yipes Enterprise Services on Monday in an all cash $300 Million deal. Yesterday, it dumped 5% stake in its subsidiary, Reliance Telecom Infrastructure Ltd [RTIL] company to strategic investors [VCs,PE Funds and FIIs] at a whopping $337.5 Million thus valuing RTIL at whopping $6.75 Billion. This is a very intelligentContinue Reading

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The online classifieds market in India is roughly pegged at Rs 100 crore [$25 Million] and growing upwards of 50% YoY according to Sulekha CEO, Satya Prabhakar. Majority of the business comes from Metros and Tier-1 cities in India. Also, the volume of transactions happening online is just 20% with the potential to reachContinue Reading

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In: Broadband, IP, Telecom

Reliance Communications [RCOM] has acquired privately held leading provider of managed Ethernet and application delivery services for the global enterprise – Yipes Enterprise Services. RCOM is shelling out $300 Million for the acquisition in an all cash deal. Yipes was funded by JP Morgan Chase, Norwest Venture Partners, Sprout and Crosslink Capital.Continue Reading

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In: Mobile, Tools

Bharti Airtel Ltd in association with Wayfinder Systems has launched GPS navigation for select few cities in India[Bangalore, Chennai, Chandigrah Delhi NCR, Kolkatta, Mumbai and Pune] and for almost the entire US and Europe. Few months ago I had seen a GPS navigation system in Bangalore and didn’t find it good and compelling enough toContinue Reading

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BSNL’s Mega GSM Tender for PAN India expansion is very likely to face further delays due to questions raised by IT and Communications Minister, A.Raja. Capacity shortfall has led to BSNL’s share of net adds declining sharply to ~13% in the last 12 months from a peak of 21% in FY05,Continue Reading

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Vodafone CEO, Arun Sarin said – Losers Club tried to derail the Hutch-Vodafone Deal earlier this year. I really did not expect people — the ‘good and great’ of India — to be calling cabinet secretaries, ministers, to say, ‘You have to unwind this deal, because we want a piece ofContinue Reading

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A year ago, Qualcomm and Reliance talks over CDMA royalty issues were deadlocked. Qualcomm didn’t budge despite repeated pleas from then IT Minister, Dayanidhi Maran. Immediately, Anil Ambani announced massive GSM expansion and applied for PAN India licenses which he also secured after few months. Meanwhile, Hucth’s stake in Hutchison-Essar was forContinue Reading

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A readers of this blog, working for CISCO in Bangalore negotiated for a Reliance Broadband CUG connection, Here is what he has to say, One correction its not 15+ but applicable for 50+ connections. We needed a high bandwidth connection but with low data limit and within a budget of 600/pm as myContinue Reading

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The Indian Mobile Value Added Services [VAS] market is expected to touch $2 Billion this FY ending March-08 a healthy 65% growth over last year. VAS include SMS, MMS, GPRS Enabled WAP Browsing, Ringtones, Caller Tones, Games etc. According to ASSOCHAM, The ringtone market is estimated to touch Rs 270Continue Reading