Telecommunication

The telecommunication industry is growing fast in India and is envisioned to reach the second position in the global telecom industry by 2010. India added 113 million new customers in 2008. Also, the cellular technology grossed a 50% growth by adding 9.5 million consumers.   As per Business Monitor International, India is estimated to add 8–10 million subscribers monthly. This means that by 2012 up to half of India's population will have...
Etisalat announced that its stake move for an Indian mobile operator was possible within weeks. The Abu Dhabi owned company confirmed that it was seeking to purchase a stake with Reliance communications for a whooping $3.8 billion. Reports had initially surfaced that Etisalat was in talks with the cash-strapped Reliance Communications for a deal. With this investment plan, purchasing a stake in Reliance, India’s second largest mobile operator,...
India’s biggest telecoms company, Bharti Airtel, has concluded a deal for the acquisition of Kuwaiti mobile operator, Zain. The investment deal ranks amongst the biggest cross-border deals in Indian history and is going to cost Bharti Airtel $10.7 billion. The company now takes over the assets of Zain Africa, the Kuwaiti mobile firm’s Africa operations. During the announcement of the acquisition yesterday, Bharti Airtel reiterated that the...
Reliance Industries Limited (RIL) plans to enter the Indian telecoms market with an investment of around $5 billion. The Mukesh Ambani led group said it is open to sharing his younger Brother’s group, Reliance Communications’ (Rcom) infrastructure for the investment. RIL said it would invest around $1 billion for rolling out broadband services to enable the company achieve its target of 100 million subscribers through its other recent...
Essar business process outsourcing arm (BPO), Aegis, reported that it is currently working on various strategies to hit its targeted $1 billion revenue mark. The company has been shopping for investments lately, recently investing in AGC Networks in an acquisition purchase that saw its approximated earnings stand at about $700 million with its headcount reaching 40,000. Aparup Sengupta, Aegis MD and SEO said the company was currently...

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