Essar Completes Acquisition Of AGC Networks Essar Group completed its acquisition of AGC Networks, total deal size was $61.4 million (Rs 288 crore), taking Essar’s stake in the company to 79.13 per cent, including closure of the open offer representing 20 per cent of AGC Networks’ outstanding shares.[Business Standard] Sam Pitroda Criticizes BSNL For Losing Competitive Edge Having not started 3G services earlier and losing its competitive edge over other operators BSNL was slammed on Thursday by Advisor to the Prime Minister and telecom czar Sam Pitroda, in his addressing a function to mark the launch of 3G services in Gauriganj.[India Times] BSNL Cancels Tender To Include Chinese Makers BSNL has decided to cancel its existing tender for 5.5 million GSM lines and is inviting new bids to include Chinese telecom equipment makers Huawei and ZTE. With Chinese vendors being…
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