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Piramal sells stake in Vodafone India

The sale represents a 50 per cent return for Piranal.

Indian conglomerate Piramal Industries has sold its 11 per cent stake in Vodafone’s Indian operation for almost $1.5bn, generating a 50 per cent return on an investment made during the 2012 financial year. The stake was sold to Prime Metals Ltd, an indirect subsidiary of Vodafone Group, Piramal said.

India’s Reliance Jio signs a further tower sharing agreement

Reliance Jio Infocomm has signed a tower sharing agreement with local passive network infrastructure provider Viom Networks

Indian operator Reliance Jio Infocomm has signed a tower sharing agreement with local passive network infrastructure provider Viom Networks. The agreement follows a similar agreement Reliance Jio signed with local infrastructure provider Bharti Infratel earlier this month for its pan India operation.

Reliance Jio signs tower sharing deal with Bharti Infratel

Reliance Jio has signed an agreement with Indian telecom tower infrastructure provider Bharti Infratel

Indian operator Reliance Jio Infocomm has signed a tower sharing agreement with local infrastructure provider Bharti Infratel across the country.

Bharti Airtel to acquire Loop Mobile

Bharti Airtel has announced plans to acquire regional player Loop Mobile for an undisclosed amount

Indian operator group Bharti Airtel has announced plans to acquire regional player Loop Mobile for an undisclosed amount. The group said that Loop Mobile’s three million subscribers and 2,500 cell sites in Mumbai will add to its own four million subscriber base and its 2G and 3G network with 4,000 cell sites in the city.

Vodafone spends £1.9bn on Indian 4G spectrum

Vodafone will use some of the spectrum for 4G services

Vodafone India said Friday it has spent £1.9bn (INR19,645 crores) on spectrum licenses for 11 circles in the country.

Bharti Airtel income grows 115%

Bharti Airtel has seen its net income rise by 115 per cent year on year for its third quarter

Indian operator Bharti Airtel has seen its net income rise by 115 per cent year on year for its fiscal third quarter, ending December 31st 2013. Consolidated revenue also rose by 13.3 per cent to reach INR219,390m ($3.51bn).

Aircel calls on ZTE for LTE deployment

Airtel and Reliance Jio have announced an infrastructure sharing agreement

Indian carrier Aircel has tapped ZTE to deploy an LTE network in Chennai, Rest of Tamil Nadu (RoTN) and several other business critical circles in the country. ZTE recently completed the migration of Aircel’s data services to an LTE evolved packet core in the Chennai and RoTN circles.

Bharti and Reliance Jio sign infrastructure sharing deal

Airtel and Reliance Jio have announced an infrastructure sharing agreement

Indian operators Bharti Airtel and Reliance Jio have announced an infrastructure sharing agreement. The two will share their inter and intra city fibre networks, submarine cable networks, towers and internet broadband services. They added that they will also look for other such opportunities to share assets in the future.

Ericsson facing anti-competitive lawsuit in India

Ericsson is facing an investigation from the Indian Competition Commission for breaching the Indian Competition Act

Swedish infrastructure vendor Ericsson is facing an investigation from the Indian Competition Commission for breaching the Indian Competition Act. Local handset manufacturer Micromax has alleged that the vendor has demanded “unfair, discriminatory and exorbitant royalty” for its patents regarding GSM technology.

Uninor CEO resigns

Yogesh Malik has resigned as Uninor CEO

The CEO at Indian operator Uninor Yogesh Malik has resigned from his position citing personal reasons. Sigve Brekke, currently head of majority owner Telenor Group’s Asia operations, will also act interim CEO while the firm seeks Malik’s successor.

VP mobile broadband, Reliance Communications, India: “Devices are the most important lever to grow broadband penetration in India”

Manu Khera, vice president of mobile broadband at Reliance Communications, India

Manu Khera, vice president of mobile broadband at Reliance Communications, India is speaking on in the Mobile broadband track on Day Two of the Broadband World Forum, taking place on the 22nd – 24th October 2013 at the RAI Exhibition and Convention Centre, Amsterdam. Ahead of the show we get his insight into some of the key challenges in deploying broadband in India.

Singtel boosts Bharti Telecom holding

singtel-logo

Singaporean incumbent operator Singtel is to up its stake in India’s Bharti Telecom to 39.78 per cent, taking its effective interest in Bharti Airtel, India’s largest mobile operator, to 32.34 per cent.

Indian bank ICICI launches mobile payment

India’s ICICI Bank is to launch a mobile payments service built by Movida, the Indian joint venture between Visa and mobile money specialist firm Monetise, that will draw on the potential to reach unbanked customers in the country.

India sees telecoms subscriptions decline

The number of wireless subscribers in India has decreased month on month, according to the TRAI

The Indian telecoms market continued its pattern of instability through April, with the number of wireless subscribers in India decreasing month on month, according to the Telecom Regulatory Authority of India (TRAI).

India considering full foreign ownership of operators

India's Telecom Commission has endorsed plans to allow 100 per cent FDI in mobile operators

India’s Telecom Commission has endorsed plans to allow foreign firms to wholly own mobile operators in the country. Currently, the level of foreign direct investment (FDI) permitted in operators stands at 74 per cent, but it could soon be increased subject to Cabinet approval.

NSN Indian strike drags on

Staff at NSN's Chennai factory are currently on strike

Infrastructure vendor NSN is locked in dispute with staff at its factory in Chennai, India. Staff at the plant have been on strike since 7 June 2013, according to local reports.

Vodafone pays no UK tax again

Vodafone has not paid any corporate tax in the US for the second year in a row

UK operator group Vodafone has not paid any corporate tax in the UK for the second year in a row, the firm revealed in its annual report. This is despite generating revenues of more than £5bn in its home market. The group paid over £2.5bn in corporate tax in other countries and £882m in other UK taxes and contributions.

Tata launches international HD voice interconnect

MIchel Guyot, president, global voice solutions, Tata Communications

Indian operator Tata Communications has launched a service offering international HD voice call termination to mobile operators that have launched HD voice in their domestic markets. Figures from the Global Mobile Suppliers Association show that HD voice had been launched by 61 operators in 45 countries by the end of January this year.

Indian operators not investing enough in networks

Indian telcos plan to invest a significantly lower proportion of their revenues over the next two years than their Chinese, Indonesian and Philippine counterparts

Over the next two years Indian operators plan to invest a significantly lower proportion of their revenues than their Chinese, Indonesian and Philippine counterparts according to financial ratings agency Fitch Ratings.

Sistema Shyam pulls out of 10 circles

Sistema Shyam TeleServices has shut down operations in 10 of the country’s telecom circles

Indian regional operator Sistema Shyam TeleServices has shut down its operations in ten of the country’s telecom circles. The firm said that the decision was made based on “several factors” including spectrum pricing and the levels of competition in those markets.

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