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Malaysia’s largest Mobile Phone Operator, Maxis’ Indian subsidiary, Aircel will receive an investment of $450 Million, 50% more than previous year’s $300 Million. Maxis acknowledges its solid quarterly performance because of its Indian Operations. Aircel is planning to expand in the remaining 14 GSM circles where it has obtained permissionContinue Reading

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Late last afternoon their was a word on the street that Bharti Airtel is going for a major announcement. Most DalalStreet brokers were expecting the hiving of Bharti Infratel – Towers Division into a separate company. But to my surprise, at 2:15 AM, a close confident of mine from Mumbai confirmsContinue Reading

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The big story for the past week was Vodafone rejecting Essars demands. goBroadband reader, pointed out that IndiaPlaza price challenge was a gimmick and he was denied the gift voucher which he deserved. He also sent out screen shots making his case – One and Two. Indians are getting moreContinue Reading

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Just last month I had written about HFCL and its business of ripping investors. HFCL has finally made NEA the Bakra.  New Enterprise Associates, the desperate PE fund from the valley has bought 40% stake in HFCL Infotel for a whopping Rs 375 crore. This deal values the loss making HFCL Infotel at Rs 950 crore [~Continue Reading

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ADAG managed Reliance Communications is back on Plan – A to rollout GSM services across India through its subsidiary, Reliance Telecom reports DNA. Immediately after Vodafone India was born, I had said, Reliance Telecom will get aggressive on its GSM plans. Telcom India writes that the Government has delicensed WiMax spectrum in the 5.8GHz frequency.  Continue Reading

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Idea cellular which had been constantly dumping stake to Private Equity and VCs, late last night completed its IPO in India. From the subscription figures obtained from Ventura Securities, their is a terrific demand for Indian Equities. The Idea IPO was of $500 Million and received bids for $25 Billion. Last April,Continue Reading

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After Hutch-Essar acquistion by Voadfone, everybody is busy to digest the impact it will have on Vodafone Group Plc. I don’t know the health of Vodafone Group Plc but all I can say is it will make money from Vodafone India [Yes I would like to call it Vodafone India and noContinue Reading

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Vodafone’s bid of $19 Billion for Hutch-Essar [EV] was accepted by HTIL. It is reliably learnt that Reliance Communications bid was at $17 Billion. Vodafone however has few hurdles and the biggest hurdle is behind them as Essar groups Shashi Ruia said that he is delighted by the value created by Vodafone 🙂 EssarContinue Reading

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VSNL employee, Prashant Indulkar was arrested earlier this week by the Mumbai police for leaking crucial corporate information to Reliance Communications. Reliance Communications’ group President, B D Khurana has resigned owning moral responsiblity. It is not Mr. Khurana who should resign, but Reliance ADAG Chairman, Anil Ambani must. Reliance officials are knownContinue Reading