UK-based Servosteel already acquired by Essar Steel

In a statement released by Essar Steel, the unit of the shipping-to-telecoms firm Essar Group, the company revealed that its subsidiary already acquired a UK-based private steel processing firm Servosteel. Moreover, Servosteel can process steel to a quantity of 500,000 tonne annually.

MTN under negotiations with Loop Telecom for stake acquisition

MTN of South Africa has been under negotiations with Loop Telecom in order to acquire a 45% stake in the cellular service provider in India. In addition to that, 10% stake in Loop Telecom is currently owned by Essar Group of India.

Reliance Communication shaved 60% off in international call rates

Reliance Communication already shaved off 60% in international call rates to Rs 1.99 every minute for nations including Canada along with United States. At present, the market call rates were in the range Rs 5-10 every minute for Canada as well as United States.

MVNO policies being worked out by the government

In a statement released by the Telecoms Secretary P.J. Thomas, he revealed that the government has been currently carrying out the policies for MVNO or mobile virtual network operators wherein the issuance is scheduled to be in effect in next to no time.

Bharti Airtel to spend USD 150 million in Zambia

According to the statement made by the Chief Executive Officer of Bharti Africa, Manoj Kohli, he revealed that Bharti Airtel is set to invest USD 150 million in order to increase its exposure as well as enhance its network in Zambia by 2012 to 2013.

Vivendi refutes stake buy in Reliance Communications

According to Vivendi, the biggest entertainment group of Europe, there is no truth about the negotiations to acquire 26% stake in Reliance Communications, a cellular service provider. During the day of trading exchange, the firm’s shares plunged 2.2% at 17.59 euros.

Reliance under negotiations with MTNL for trading 3G services

In a latest development, Reliance Industries, the firm that already gave its nod to acquire Infotel Broadband, has been under primary negotiations with MTNL in order to trade its 3G services as a franchisee. Moreover, MTNL has obtained 3G band in advance of the private firms.

Gemini Communication targets Rs 8,000 crore BSNL by 2014

According to the Group Chairman and Managing Director of Gemini Communication, R Vijay Kumar, the firm has been targeting revenues around Rs 30,000-40,000 crore on the LTE business in India in a span of two to three years. Moreover, the BSNL is expected to be around Rs 8,000 crore.

Reliance Industries purchases almost all stake in Infotel Broadband

In the latest development, Reliance Industries or RIL already purchased almost all the stake in Infotel Broadband in order to embark on the telecoms industry. In addition to that, the official public declaration about this firm’s key acquisition will be coming out in next to no time.

SK Telecom refutes negotiations with Videocon Telecommunications

In a statement released by the senior official of SK Telecom, the leading cellular service provider of South Korea, he revealed that the firm refuted about the negotiations to acquire a 26% ownership in Videocon Telecommunications, a blossoming cellular service provider in India.

Bharti Airtel, VMware in joint venture for cloud computing business

In a statement released by Bharti Airtel, it revealed that the company has already made a tie-up with the American software manufacturing firm, VMware Inc, in order to concentrate on the cloud computing industry. Moreover, VMware is the leading manufacturer of virtualization software.

Hinduja Global aims to purchase firms in US, UK, Latin America

In a statement released by the Chief Executive Officer of Hinduja Global Solutions Ltd, Partha Sarkar, the firm is aiming to purchase corporations in United States, Britain and Latin America in the Customer Relationship Management or CRM sector. Latest hubs will be constructed in India and Philippines with a value of USD 25 million.

Government gains Rs 102,273 crore after 13 days of 3G, BWA band selling

After 13 days of trading 3G and BWA or broadband wireless access spectrum, the government already gained Rs 102,273 crore. In the thirteenth day, the bid price of across-the-country slot increased to Rs 11,518 crore while government revenues was recorded at Rs 34,554 core.

Bharti Airtel acquires all stakes in Zain

According to Sunil Bharti Mittal, the Chairman and Managing Director of Bharti Airtel, the firm already informed the public about the sealing of purchasing pact of Zain wherein all stakes were already bought. Thus, Zain is now a wholly-owned unit of Bharti Airtel.

Government gains Rs 99,675 crore after 12 days of 3G, BWA band selling

After 12 days of trading 3G and BWA or broadband wireless access spectrum, the government only gained Rs 99,675 crore. In the twelfth day, the bid price of across-the-country slot increased to Rs 10,652 crore while government revenues was recorded at Rs 32,000 core.

Etisalat targets choices in India together with Reliance Comm

According to Etisalat of Abu Dhabi, the firm is evaluating alternatives in India together with a pact with Reliance Communications whereas AT&T, American telecoms major, has been mentioned in some news as an added prospective shareholder in the second leading cellular firm of India.

Reliance Communications ponders on MTN joint venture

Reliance Communications, the second-leading cellular service provider in India, has been pondering on making a deal with MTN of South Africa for a shared business enterprise. The firm is all set for a stake sale in MTN in order to accumulate money to be used for its venture into 3G mobile.

iPhone registration via eBay reaches 10 million downloads

John Donahoe, the Chief Executive of eBay Inc, stated that the firm’s registration for iPhone of Apple Inc already reached 10 million downloads along with anticipation of USD 1.5 billion to USD 2 billion in business deals to be carried out by means of the cellular phone registration within 2010.

All-India BWA public offer price increases to Rs 7,943 crore

After seven days of broadband wireless auction or BWA, the all-India public offer price increased to Rs 7,943 crore while the government’s revenue soared to a value of Rs 23,814 crore. There are a total of 11 participants that are battling for 20 MHz of BWA band.

Nirma, Tata Communications, Simplex Infrastructures declared results today

Nirma
Net profit was down at Rs 26 crore versus Rs 60 crore
Net sales were down at Rs 773 versus Rs 823 crore

Tata Communications
Net sales were up at Rs 11,025 crore versus Rs 8,263 crore

Simplex Infrastructures
Net profit was up at Rs 44.5 crore versus Rs 26 crore
Net sales were up at Rs 1,278 crore versus Rs 1,097 crore