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News Digest:Essar, GTL, Aircel, Google-China & More

Essar To Transfer 2.63 percent stake in Vodafone Essar To Essar Telecom India Essar Group will transfer 49 percent of its stake in Essar Telecommunications Holding (ETHPL), that holds 10.97% in Vodafone Essar, to Mauritius-based Essar Telecom India (ETIL) for Rs 530 crore. This will result in effective transfer of 2.63 percent stake of Vodafone Essar. (Read more at The Economic Times) GTL To Have 50,000 Towers Across India GTL Infrastructure has plans to have a presence of 50,000 towers across India over the next three yeras. Besides the towers that it acquired from Aircel it plans to erect 20000 towers on it own. (Read more at The Economic Times) Per-Second Billing Unsustainable: Aircel COO Aircel COO Gurdeep Singh has said that Per-second biling is unsustainable as it constrains EBITDA margins. He  fuether said that  only value-added services could increase revenues. (Read more at Telecom Tiger) Unlimited GPRS By Airtel Airtel has resumed its unlimited GPRS service for prepaid customers in Maharashtra and Goa telecom circles and is charging Rs 15 per day. (Read more at Telecom Talk) India To Benefit If Google Exits China After China, India is the most important market for Google in the Asia-Pacific region. India has fewer internet connections than China but is the second largest mobile market in the world after China. Global service business like Google and Microsoft have a high priority for India.   (Read more Business Standard) Chinese Hackers Targeted Prime Minister's Office Computers An attempt to hack into PMO's computers…

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