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Its official now, one of my trusted sources working for a brokerage firm in Mumbai called a while ago to inform that, HTIL will divest its 67% stake in Hutch Essar by an auction. HTIL has set a reserve price of $14 Billion to discourage non-serious bidders – Hindujas / Maxis ?Continue Reading

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Verizon Business India a joint venture between Verizon Communications Inc and Videocon Industries Ltd has applied for long distance license in India. They will target the corporate sector, especially the IT / ITeS sector in India. Due to current restriction of Foreign Direct Investment in Telecom, Verizon Communications Inc holds 74%Continue Reading

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With buoyant capital markets around the world and an ever lasting appetite for Indian equity, Anil Ambani is all set to cash in on the boom. Reliance Communications has planned several secondary offerings. Reliance Communications’ subsidiary, Flag Telecom, which is building the world’s largest next generation IP network maybe listed on the LondonContinue Reading

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The TRAI in an order issued just a while ago has asked to slash domestic romaing rates for mobile users on the go. Tariffs have been lowered between 22%  and 56%.The maximum permissible per minute roaming charges according to new schedule are as follows, Rs 1.4 for outgoing local calls RsContinue Reading

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At the end of December 2006, India has 146.1 Million Mobile subscribers. [40.7 Million CDMA + 105.4 GSM]. Top 5 Mobile Service Providers in India [GSM and CDMA]: Bharti Airtel Ltd – 31.2 Million subscribers Reliance Communications Ltd – 29.7 Million subscribers [26.3 Million CDMA + 3.4 Million GSM] BSNL Cellone – 23.61 MillionContinue Reading

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Emerging Asian Telecom Giant, Bharti Airtel Ltd has received permission from the Sri Lankan Telecom Regulatory Commission to provide 2G and 3G cellular services in Sri Lanka. Airtel was directly competing with Reliance Communications and Maxis Telecom to become the 5th GSM operator in Sri Lanka. In Sept-2006, Airtel bagged cellular license to provide servicesContinue Reading

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For the quarter of Dec-2006 Reliance Communications and Tata Indicom’s achieved a new milestone as their subscriber growth soared to record levels. Reliance Communications now has 26.3 Million CDMA [includes WLL] mobile subscribers and 3.7 3.4 Million GSM mobile subscribers taking the tally to 30 29.7 Million. Tata Indicom which is focusing only on CDMAContinue Reading

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Calcutta Telephones – BSNL Kolkatta is planning to provide free calls to its ITPV subscribers on BSNL fixed line phones. The calls are likely to be powered by VoIP technology and BSNL plans to waive the upload / download bandwidth used by such calls. I don’t find a compelling reason to subscribeContinue Reading