wordpress blog stats
Connect with us

Hi, what are you looking for?

News Digest: Hungama, MTS, Airtel-MTN, Rajasthan Royals, Orkut, DB Corp, ATC-Essar

FIPB Defers DBCorp, Rajashtan Royals Decision

India’s Foreign Investment Promotion Board has deferred a decision on DB Corp’s plan for an IPO, which involves a sale from existing promoters, upto 26 percent of the companys post-IPO paid up share capital. A decision on Jaipur IPL Cricket Pvt. Ltd (Rajasthan Royals), which plans to induct 100% foreign equity by way of “issue of shares for consideration other than cash inflow” has also been deferred. [release]

Airtel-MTN Deal Not Done Yet

Reacting to media reports claiming that a preliminary agreement has been reached between Bharti Airtel and MTN, Airtel has categorically denied any such developments. “The discussions are still on. As and when there is any development, we would be happy to share the same with the media,” the company said in a statement.

Hungama T-Series Deal Is Till 2011

Advertisement. Scroll to continue reading.

The deal between T-Series and Hungama which extends up to 2011, reports Afaqs. Strangely enough, though, Siddhartha Roy says that aggregation is just 10 per cent of the companys business, saying “we don’t just hand over the content to the operator.” So you may well ask about how much of the business is from repurposing-and-distribution of aggregated content, or for that matter, how much of the business is dependent on content received from T-Series. A detailed story on Hungama at Afaqs.

MTS Rolls Out Mobile Telephony Services In Jharkhand

MTS, the mobile telephony services brand of Sistema Shyam TeleServices Ltd (SSTL) was launched in Jharkhand yesterday, with 60% of the planned coverage in the state, covering 7 districts of Ranchi, Bokaro, Dhanbad, Lohardaga, West Singhbhum, East Singhbhum and Diridih in phase 1. MTS will be available in Devghar and Sahibganj by mid-September, and complete its Jharkhand rollout by the end of October. MTS is currently available at 6500 retail outlets in Jharkhand, and will be available at 10, 000 retail outlets by end of this year. Sanjeev Garg is the Chief Operating Officer of SSTL for Bihar & Jharkhand.

In India, MTS already has a subscriber base of over 1.7 million and is present in 6 other telecom circles including Bihar, Kolkata, West Bengal, Rajasthan, Tamil Nadu, and Kerala. The telco had launched in Bihar in July, and covers 28 of 37 districts. The telco plans to complete its all India rollout by Q3 of 2010.

ATC Looks To Buy Majority Stake In Essar Telecom Infrastructure: Report

American Tower Corporation has begun negotiations to buy majority stake in Essar Telecom Infrastructure (ETIPL). ETIPL has been valued at $450 million, with 4000 towers. Appears that five private equity companies are also eying the infrastructure company. ATC had bought XCEL Telecom, which has 1700 towers, earlier this year. Note that this is source based and unconfirmed. More at Economic Times.

Orkut Enables Friend Suggestions

Advertisement. Scroll to continue reading.

Better late than never: Google owned Orkut has enabled “Friend Suggestions” to allow users of their social networking sites. An algorithm to automatically generates a list of people on Orkut who a user might know. This feature has been available on Facebook for a rather long time now. [Orkut Blog]

NDTV Hindu Launches On BIG TV

NDTV Hindu, the Chennai focused news and features channel has now been made available on Reliance BIG TV DTH, on Channel no. 459. [release]

Ebay Motors Pricebook Powers Used Car Prices For Autoxchange

eBay Motors PriceBook, a used cars & bikes guide for consumers, will power car pricing for print readers and online visitors of AutoXchange, a monthly print & online auto magazine. eBay Motors PriceBook was launched in December 2008. [release]

Indiamart Appoints Quasar As Its Agency On Record

Advertisement. Scroll to continue reading.

Online B2B marketplace Indiamart has appointed WPP group company Quasar Media as its digital agency on record. Quasar will be responsible for IndiaMART’s digital marketing campaigns, media planning and media buying. Quasar Media has Microsoft, Monster.com, VISA, Kingfisher Airlines, Maruti Suzuki, GE and MakeMyTrip.com in its client list and is one of India’s largest digital services agency. [release]

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ