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News Digest:Viacom 18, MTS, Vdopia, Bharti Group, Virgin, MTNL, BSNL, RComm & More

Viacom 18: Rajesh Kamat & Ashish Patil

Rajesh Kamat, CEO of Colours has an added responsibility to oversee network functions and growth ventures of Viacom 18. Ashish Patil, MTV India GM and VP content and communications has been promoted to Senior VP new ventures for Viacom 18. (Read more at Indiantelevision.com)

Sistema Shyam To Be Listed

The Sistema Shyam Teleservices‘ (MTS) board has in-principle approved for the company to be listed. The listing will depend on market conditions and a stable 2-4 quarters for SSTL. The company is also planning to launch operations in the remaining areas it has license for by the end of the 2010. (Read more at The Economic Times)

Vdopia Launches New Ads Platform

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Vdopia has launched Talk2Me, an interactive ads platform for mobile devices. With the platform, advertisers can customise interactive actions in video ads and integrate social features such as Facebook and Twitter. (Read more at Indiantelevision.com)

Bharti Group Interested In Acquiring Government Owned Telcos In Africa

Bharti Group has said that given the opportunity it would invest in government owned telecom operators in developing countries like Africa. Bharti Enterprises MD Rajan Bharti Mittal has however ruled out any future possibility of a deal with MTN. Bharti recently acquired 70 percent stake in Warid Telecom in Bangladesh.(Read more at The Economic Times)

Virgin To Launch GSM Services In S.India

MVNO Virgin Mobile will launch GSM services in South India this week and in Orissa, Maharashtra and North India by March 2010. Virgin operates CDMA services using Tata Teleservices network and plans to use Tata’a network for the GSM service also. (Read more at News Center)

SC Orders TRAI To Fix Tariffs For Non-CAS Areas By June 30

The Supreme Court has asked TRAI to complete the fixing of tariffs for cable operators in non-conditional access system (CAS) areas by June 30, 2010. TRAI had sought more time citing the reason that it is a highly fragmented sector and the fixation has to be done in a holistic manner taking into consideration all the parties involved. (Read more at The Economic Times)

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MTNL Launches New Broadband Plan At Rs 49 Per Month

MTNL has announced a new broadband plan for Rs 49 per month. The maximum speed MTNL promises is 2 mbps and the minimum is 256 kbps. Users will 200 MB of free download per month. The additional usage charges are fixed at Rs 1/MB beyond monthly fee usage. (Read more at Cell Bharat)

BSNL IPO Most Likely Next Fiscal

Disinvestment Secretary, Sunil Mitra has said that the intial public offer for BSNL is most likely to be in the next fiscal(2010-11). The government has identified 60 PSUs for disinvestment through IPOs and follow-on public offer. A decision to disinvest 10 percent in BSNL has already been taken by the government. (Read more at India Today)

Essar Group Issue Information Memo On Future Investments

Essar Group has issued a information memorandum with details of the potential area where Rs 4300 crore from bonds will be used. This was done on a directive from the Reserve Bank of India. According to the memorandum $1 billion (Rs 4600 crore) to be invested in its steel project in Minnessota, another 1 billion for acquiring Shell’s refineries and about $200 million for the proposed buyout of Warid Telecom of the Dhabi group. The investments planned would be over a period of time and the total fund required would exceed Rs 4300 crore, a company official has said. (Read more at The Economic Times)

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RComm To Sell 3-5 Percent In Reliance Infratel Before IPO

Reliance Communications is looking to sell 3-5 percent stake in its tower unit Reliance Infratel for anywhere between Rs 1500 to Rs 2500 crore before the proposed IPO. Reliance is looking to offload 10 percent of its equity in the IPO. (Read more at The Times Of India)

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