Vodafone Plans To Sell Minority Stake In China Mobile
Vodafone planse to sell its 3.2% stake in China Mobile, as it is estimated to be undervalued by 40% due to its array of minority stakes in other companies. The stake sale could raise GBP 4bn.[Guardian]

Saudi Telecom To Establish Presence In India

Achieved through associations with Saudi Telecom’s affiliates in Bahrain (VIVA) and India (Aircel) Saudi Telecom has announced the launch of Points of Presence in India and seven other countries. [India Express]

PTI Chairman And Vice-Chairman Elected – Vineet Jain, MP Veerendrakumar

Vineet Jain, MD of Times of India group, has been elected as the chairman of the board of directors of the Press Trust of India. MP Veerendrakumar, chairman and managing director of Mathrubhumi Group, was elected vice-chairman. [DNA India]

Bharti Airtel Seeks Bids For Tower To Be Set Up In Africa: Report

After acquiring African assets of Zain Telecom in February, Bharti Airtel starts the process of giving orders of setting up new telecom towers in countries like Nigeria, Kenya and Tanzania, according to sources. [Business Standard]

Also read: Airtel In Africa: Pre-rebranding Focus, CAPEX, Partners, Interconnect, Competition

500 New Base Stations To Be Rolled Out In Naxal-Affected Districts

Ministry of Communications has asked BSNL to roll out 500 new base stations across 31 naxal-affected districts in Bihar, Chhattisgarh and Jharkhand. The districts being covered include Dantewada, Dhanbad and Singhbum. [The Hindu Business Line]

Also read: Indian Government Asks Telecom Operators To Sharpen Location Awareness; LBS

MSIDC Gets A New MD – Mr Amit Chatterjee

Amit Chatterjee, General Manager for the Visual Studio Test and Lab Management team at Microsoft India Development Centre, since 22 years, has been appointed as the Managin Director, succeeding Srini Koppolu. [The Hindu Business Line]

GQ India & Facebook To Conduct Men Of The Year Voting In India

GQ India and Facebook have come together for the Men of the Year voting in India. Users can use their facebook account to vote for the most stylish man of the year. [Best Media Info]

BIG Street Gets A New National Head – Ashwin Padmanabhan

Ashwin Padmanabhan, former Station Head of the Delhi Operations of 92.7 BIG FM, has been elevated to the post National Head, BIG Street, by Reliance Broadcast Networks Ltd. Following BIG FM’s YoY increase of revenues by 28% and listenership by 30%, under him.