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News Digest: STAR-Balaji; Tata Teleservices; Tikona; RCOM

STAR Renews Efforts To Sell Stake In Balaji; Reliance BIG Entertainment Denies VCCircle reported yesterday, quoting sources, that STAR India has revived plans to sell its stake in Balaji Telefilms, and Reliance Entertainment is the front runner for acquiring stake in the company; Reliance Entertainment President Rajesh Sawhney told MediaNama via SMS yesterday that this is 'not true'. STAR owns 26% in Balaji Telefilms. The VCCircle story now suggests that the Anil Dhirubhai Ambani Group is the front-runner, and it might be Reliance MediaWorks (AdLabs) that is in talks. Tata Teleservices Crosses 70 million Connections Mark Tata Teleservices, which operates mobile services as Tata Indicom (CDMA), Tata Docomo (GSM) and Virgin Mobile (CDMA GSM) has crossed the 70 million connections mark, as of end May 2010, adding 2.33 million new connections in May. Their subscriber base has grown by over 100% in the last 12 months, from 35 million in May 2009. They did shake up the market, with offerings like pay-per-second, buddynet (closed group of users), and extensive (bordering on excessive) marketing. Tikona To Expand Broadband Coverage to 100 Cities BusinessLine reports that Tikona Digital, which won Broadband Wireless Access spectrum in 5 circles (Gujarat, Uttar Pradesh East, Uttar Pradesh West, Rajasthan and Himachal Pradesh) plans to expand broadband coverage to 100 cities, and target the enterprise segment. The company, however, has not disclosed whether it will use LTE for services, or WiMAX. The show of confidence in LTE appears is being seen as a big win for Qualcomm,…

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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.

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