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 by Chinese hackers have been detected . The hackers aimed at National Security Advisor M.K. Narayanan, Cabinet Secretary K.M. Chandrashekhar, PM’s Special Envoy Shyam Saran and Deputy National Security Advisor Shekhar Dutt and 26 others. (Read more at India Today)
Foreign Telcos Not Allowed To Bid For CDMA 3G Spectrum
DOT has announced that new entrants from foreign countries will not be allowed to bid for 3G spectrum for CDMA and launch services. The communications Ministry has said that foreign operators are not being allowed to bid due to the scarcity of 3G spectrum in CDMA platform. (Read more at The Economic Times)
