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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 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…

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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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