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Archive for June, 2005

Tuesday, June 21st, 2005

Hutch-Essar to foray into NLD

Firm unlikely to invest in new network

The battle for the national long-distance (NLD) pie is about to intensify. The Hutch-Essar combo’s entering the near Rs 10,000-crore NLD arena. It has just put in an application with the DoT for an NLD licence. The decision comes months ahead of its much-awaited IPO, which might spill over […]

Mobile, Reliance, AirTel, Hutch, Essar Cellphone, India, BSNL, VSNL

Saturday, June 18th, 2005

Aircel may sell 35% to fund expansion

Aircel Televentures, the C. Sivasankaran-promoted mobile services operator, is negotiating to offload a 35 percent stake for a consideration of $ 350 million to a clutch of financial investors led by Pico, among other. The deal, managed by merchant banker IL&FS, would cover Aircel’s two operational circles Chennai and Tamil Nadu, as well as the […]

Mobile, Aircel, News, India

Saturday, June 18th, 2005

Bharti Tele-Ventures bags award

Bharti Tele-Ventures is the Asian Mobile News ‘Mobile Operator of the year’ in India. The award recognises outstanding performance by companies in Asia in the mobile industry. Bharti has won this award for the second consecutive year.

Mobile, AirTel, News, India

Friday, June 17th, 2005

BPL Mobile: Idea, Hutch lead race

Hectic activity in mobile space

In demand:

· Debilitated after SEBI’s investigation of BPL Idea-BPL fell through
· Resulting in severe fund raising constraints
· Turned around business, Rs 1300 crore revenues

One of the most prized franchises still available in Indian mobile – BPL Mobile – will soon rope in a secret, sources close to the developments told that even as there […]

Mobile, BPL Mobile, News, India


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