wordpress blog stats
Connect with us

Hi, what are you looking for?

,

Digest: AppLabs, Fake Connections, Spice Digital, Liberty, RCOM, Aircel

AppLabs Acquires ValueMinds And Will Now Maintain TestersDesk.com

AppLabs, a software testing company, has announced the acquisition of Hyderabad based ValueMinds, the developer of TestersDesk.com, a set of tools for test data generation and automated test case creation. [Release]

CBI Charges Two Senior MTNL Officers For Booking 300,000 Fake Connections

The Central Bureau of Investigation has charged a Deputy General Manager for GSM services and Assistant General Manager (Sales) of MTNL, for allegedly conniving with nine distributors of MTNL SIM cards for the creation of nearly 300,000 fake mobile phone connections [Business Standard]

Spice Digital To Dilute 25% Shares In Public Offering To Raise Rs 200 Crore

Advertisement. Scroll to continue reading.

Spice Digital plans to raise over Rs 200 crore through initial public offering (IPO) by the fiscal-end by diluting up to 25% stake in the company. Also Spice Mobility, the device arm of the Spice Group plans to raise about Rs 500 crore through qualified institutional placement (QIP) and sale of treasury stocks, thus acquiring treasury stocks worth Rs 4.2 crore. [Economic Times]

Ed: MediaNama had first reported Spice Digital’s plans for an IPO, over a month ago. A Draft Red Herring Prospectus is yet to be filed with SEBI.

Aircel Plans To Re-Finance $500 Mn Through ECB To Clear Debts

Aircel plans to raise $500 million through external commercial borrowings (ECB) to re-finance the debt it had taken for spectrum payments. [Business Standard]

Ed: Aircel has paid Rs. 3438.01 crore for BWA Spectrum in 8 circles, and Rs. 6499.46 crore for 3G Spectrum in 13 circles.

RCom Makes VAS & 3G Appointments

Advertisement. Scroll to continue reading.

Reliance Communication has recently hired Suresh Jayaraju as head of New Age Value Added Services. Previously Jayaraju was working as the head of wireless business in Google. RCOM has also appointed Prashant Gokarn as the Head of its 3G business. Gokarn was heading corporate strategy at RCom, and Jayaraju will be reporting to him. [Business Standard]

Liberty Inks JV With Runcom For Telecom Equipment, Managed Services

The makers of Liberty Footwear are entering the telecom space, and have inked a joint venture with Israel’s Runcom Technologies. The JV, called Sunfest Runcom Technologies plans to focus on “manufacturing, EPC Contracts and System Integration and managed services”, and has set up has set up a plant in Bawal in Haryana to manufacture base stations, USB Dongles for WiMax & LTE. Initially, the company will invest Rs. 30 crore in the venture. [Economic Times]

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.

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

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
Name:*
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