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Kamla has a report on Himachal Futuristic Communications Ltd’s group company HFCL Infotel talking to, New Enterprise Associates, a valley based PE firm to buy 50% stake in the company at around Rs 350 crores [$78 Million]. All said and done about Triple Play in India, Kamla probably forgot to write aboutContinue Reading

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In: Mobile, Telecom

The valuations for Hutch Essar have been highly unreasonable. Here is a list of developments. Maxis backed by Texas pacific Group bid at $13.5 Billion Relicance Communications Ltd backed by several financial institutions and VCs bids at $12 Billion for 100% stake. Subsequently raises the bid to $15- $17 Billion RumorsContinue Reading

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In: Mobile, Telecom

As you all know that India is the fastest growing Wireless market in the world. Here is a breakup of who controls the emerging Indian Wireless market. Bharti Airtel Ltd is at the top followed by Reliance Communications Ltd. State owned BSNL has slipped to third place[from second place a year ago] whileContinue Reading

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In: Mobile, Telecom

The Indian regulator for telecom reforms, TRAI, is planning to drop SMS out of the list that is considered as Unsolicited Marketing. SMSes don’t seem to be a problem to the extent unsolicited marketing calls are. TRAI had initiated a consultation paper on Do Not Disturb registry in November and hasContinue Reading

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Vodafone group Plc has called for a board meeting later today [Thursday] to seek approval to bid for Hutchison Essar Ltd. Vodafone led by Sarin is seeking board approval for $13.5 Billion Plus bid. Earlier Maxis’ bid of $13.5 billion was tuned down. Vodafone already holds 10% stake in India’sContinue Reading

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In: Broadband, Telecom

IT Minister Dayanidhi Maran who last week had hinted about boosting broadband intertent in India has made a public announcement at India Telecom 2006 that BSNL will kiss goodbye to 256 KBPs very soon and will move towards broadband internet at 1 MBPs. Well that’s a slightly over optimistic promise butContinue Reading

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ET has reported that Anil Ambani is in talks with Kohlberg Kravis Roberts & Co (KKR) to make a joint bid for Hutchison Essar. Details unavailable. HTIL has rejeced a $13.5 billion joint bid by Texas Pacific and Maxis Telecom. Wait a minute, $13.5 Billion + Debt ? That’s insane valuations forContinue Reading