Essar’s ETIPL To Be Taken Over By ATC

American Tower Corp. (ATC) puts in effect its third tower acquisition in India after closing the all cash deal with Essar Group for Essar Telecom Infrastructure Pvt. Ltd. to be fully acquired by Transcend Infrastructure Ltd., ATC’s wholly owned subsidiary, for Rs. 2,100 crore. The tower infrastructure business has a tenancy ration of 1.9x, 4360 sites across 14 of 22 circles. [Details]

Idea Issues 3,640 Post-Paid Connections To A Single Person

Minister of State for Telecom and IT Sachin Pilot wrote to the Rajya Sabha that vigilance should be exercised in providing bulk (more than 10) telephone connections for a single user as well as for a single location. After Idea issued 3,640 connections to a single person and his company, Limco Sales Corporation. [Business Standard]

ED: this will probably lead to calls for subscriber verification all over again. And it should. If telecom companies don’t keep their house in order, they should have to bear the cost of re-verification of customers.

Government Plans To Hack Into Hostile Nation’s Computer Systems

The government is planning to create an IT infrastructure that enables them to hack into hostile nation’s computer system, along with small group of volunteer software professionals and ethical hackers, who would be protected by the government. [Economic Times]

IRCTC Sells Highest Number Of Tickets In One Day

IRCTC records its highest number of tickets sold in a day at 3,16,412 tickets on August 3, by 5.49 lakh passengers. This happens after recently the Railways its opening of an e-ticketing portal, probably ending IRCTC’s monopoly. [Deccan Herald]

Income Tax Department to Investigate Source of Investments in IPL

Since the national team does not take part in the IPL, the city teams that are involved are managed by private entities. Thus, the Ministry of Youth Affairs & Sports does not deal with IPL. However, the Income Tax department is conducting investigations to ascertain the source of investments, taxability of the income earned, taxability of the award of media rights and other violations of Direct Tax laws. [PIB]

Facebook Grows Most In India

United States adds the most facebook subscribers in July with 3 million new users, while India was 2nd with 987,240 new users. UK has max penetration with 44.2% and Brazil has seen max percentage change in number of users. [Inside FaceBook]