TELECOM

Exclusive: Providence picking up 4.8% direct stake in Indus Towers

October 27, 2016 | Ranjani Raghavan

American private equity firm Providence—which specialises in telecom, media and technology investments—is believed to be swapping its holding in Aditya Birla Telecom Ltd (ABTL) with a stake in Indus Towers Ltd, a person privy to the development told VCCircle.

India regulator recommends $456 mn fine on Airtel, Vodafone, Idea on Jio complaint

October 22, 2016 | PTI

In a setback to incumbent telecom operators, sector regulator TRAI today suggested imposing Rs 3,050 crore penalty on Bharti Airtel, Vodafone and Idea for allegedly denying interconnectivity to newcomer Reliance Jio.

Brookfield inks $1.65 bn deal to buy majority stake in RCOM’s tower assets

October 14, 2016 | Ranjani Raghavan

Reliance Communications Ltd (RCOM) has signed a non-binding term sheet to sell majority stake in its tower assets housed under Reliance Infratel Ltd to Canada’s Brookfield Asset Management Inc for Rs 11,000 crore ($1.65 billion) to pare debt.

NTT Docomo sues Tata Sons in a US court for recovering $1.17 bn

October 07, 2016 | Maulik Vyas

Japanese telecom major NTT Docomo has sued Tata Sons, the holding firm for India’s top business conglomerate, in the US, seeking recovery of around $1.17 billion over a dispute related to its investment in Tata Teleservices Ltd (TTSL).

Govt manages just under $10 bn from telecom spectrum sale

October 07, 2016 | Mansi Taneja

The much-hyped India’s largest ever spectrum auction concluded on Thursday, with the government being assured Rs.65,789 crore in revenue.

Of the 2,355 megahertz (MHz) of spectrum across seven bands put up for bids, only 965MHz, or around 40%, got sold.

Vodafone pumps in $7.1 bn in Indian arm to take on Reliance Jio; single biggest FDI

September 22, 2016 | PTI

Amid a hyper competitive market following the entry of Reliance Jio, the second largest telecom firm Vodafone India today said it has received Rs 47,700-crore fresh capital from its parent to fund business expansion.

All you want to know about Reliance Jio’s spat with Bharti Airtel and others

September 20, 2016 | Aman Malik

Ever since billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) launched 4G telecom network, Reliance Jio, on 5 September, its users have reportedly been facing call drops while making voice calls to non-Jio networks including those of Bharti Airtel, Idea Cellular, Vodafone India and state

Bharti Airtel, Reliance Jio, five others in race for spectrum auction

September 15, 2016 | Mansi Taneja

Bharti Airtel Ltd, Vodafone India, Idea Cellular Ltd and Reliance Jio Infocomm Ltd are among the seven telecom operators who have submitted applications to participate in the largest-ever spectrum auction slated for 1 October.

​Brookfield nears deal for Reliance Communications' telecom tower arm

September 09, 2016 | Ranjani Raghavan

Canada's Brookfield Asset Management Inc is set to acquire a majority stake in the telecom tower unit of Anil Ambani-led Reliance Communications Ltd, two media reports said. 

Exclusive: Samena Capital eyes quick churn from IPO-bound Tejas Networks

September 07, 2016 | Ranjani Raghavan

Dubai alternative investment group Samena Capital has acquired a small stake in Bangalore telecom equipment company Tejas Networks Ltd ahead of its impending public listing.

Tatas move London court against DoCoMo

September 06, 2016 | PTI

The Tata-DoCoMo spat over USD 1.17 billion payment dispute today took a fresh turn with Tata Group urging a London court to set aside an ex-parte order obtained by the Japanese firm for enforcement of an arbitral award against the Indian company.

How many users does Reliance Jio need to break-even?

September 02, 2016 | PTI

Reliance Jio will need to garner 75-80 million subscribers, who spend an average of Rs 180 a month on mobile bills, over the next 2-3 years to hit break- even, analysts said today.

Mukesh Ambani kicks off another telecom price war; announces $745 mn VC fund

September 01, 2016 | Mansi Taneja

In what it claims will usher in an era of free voice calls, Mukesh Ambani led-Reliance Industries Ltd (RIL) on Thursday announced the launch of telecom service Reliance Jio starting 5 September.

Exclusive: Denmark's Sophia Investment backs farm-tech firm CropIn

August 30, 2016 | Disha Sharma

CropIn Technology Solutions Pvt. Ltd, a Bengaluru-based company that makes farm management software and apps, has raised $2 million (Rs 13.4 crore) from Denmark's Sophia Investment ApS, a person people privy to the development.

SingTel to up stake in Bharti Airtel for $657 mn; Temasek books huge loss

August 18, 2016 | TEAM VCC

Singapore Telecommunications Ltd (SingTel) will buy out the remaining stake of Temasek in Bharti Telecom Ltd (BTL) for Rs 4397 crore ($657 million or S$884 million) to indirectly push up its holding in Bharti Airtel Ltd (BAL), India’s top telecom service provider.

Why easier spectrum auction norms may not be enough to attract aggressive bids

August 10, 2016 | Mansi Taneja

The National Democratic Alliance government on Monday started the process for the biggest-ever spectrum auction in the country and relaxed a few rules for telecom operators, but it may not be enough for them to bid aggressively, experts say.

India to start largest telecom spectrum auction next month

August 08, 2016 | PTI

Bidding rounds for the country's biggest-ever spectrum auction will begin from September 29, in which mobile airwaves worth Rs 5.63 lakh crore at the base price value will be put up for sale.

BSNL on track to post net profit by FY19, says chairman Shrivastava

July 20, 2016 | Mansi Taneja

For nearly a decade, the state-owned telecom operator Bharat Sanchar Nigam Ltd (BSNL) had been on a downward spiral, but things are starting to look up again.

Exclusive: SAIF Partners backs marketplace for crowdsourced work Playment

July 02, 2016 | Debjyoti Roy

Playment, a mobile marketplace for crowdsourced work, has raised Rs 4.7 crore ($700,000) from venture capital firm SAIF Partners, joining a handful of startups operating in a nascent segment in attracting investors.

Smartphone maker Intex hires bankers for IPO

June 29, 2016 | Bruhadeeswaran R

Consumer electronics maker Intex Technologies (India) Ltd has picked two bankers to manage its initial public offering that it plans to launch in four to five months’ time, a person aware of the development told VCCircle.

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