10.7 billion dollars – that’s the amount spent by Bharti to acquire
Zain’s African operations. Makes one
wonder just to what level a company will go to further itself. Not very long ago,
Sunil Mittal, the boss of the Bharti Group had stated that in an
article to Forbes Magazine that he was like a “Junkie Looking For His Next Fix”.
With Zain in Africa, Mittal has got his big fix .In one way Bharti was obsessed
with acquiring Zain after the MTN deal did not work out. Now that they have,
Bharti’s African safari has just begun.
The
past month has seen some hectic activity in the Indian Telecom Sector. It’s
amazing how a little competition always keeps everyone on their feet. Each
business enterprise looking at the market as if through the eyes of a hawk for
the next big business opportunity .Each company trying to seduce the prospective
customer with its products. India, the future to be world’s largest mobile
telephony market is now going through a massive upheaval. Market leaders no longer
have it easy and with the introduction of the per second billing model,
the competition has only gotten more cut throat.
After
a private meeting with officials of the Finance Ministry yesterday, Anil Ambani the Chairman of the R-ADAG
group walked calmly into his car flashing a silent grin at the peering eyes of
the media. At first the conclusion reached was that this was a routine meeting
regarding the gas dispute that he is fighting with his elder brother Mukesh in
the Supreme Court. As we now know, this is false. Anil Ambani is now trying to
put out a fire that has engulfed his telecom company Reliance Communications (RCOM).
One factor has however remained the same; this latest issue promises to become
yet another brother vs. brother fight.
Submitted by newsglobally on October 14, 2009 - 5:32am.
The booksof Reliance Communications, the Indian mobile phone group, have come underscrutiny amid claims that the group misreported annual revenues by as much as23 billion rupees (£315 million) last year, possibly to avoid paying licencefees to the Government.
Reliance,which is controlled by the billionaire Anil Ambani and is India
Submitted by newsglobally on October 13, 2009 - 2:41am.
Costs govt Rs 315 crore in wireless and spectrum fees.A special auditor appointed by the Department of Telecommunications (DoT)has said the Anil Dhirubhai Ambani Group (ADAG)-promoted RelianceCommunications (RCom) under-reported gross wireless revenues to the TelecomRegulatory Authority of India(Trai) for the financial years 2006-7 and 2007-8.
As the telecom pie grows bigger
in the country more want a slice of it. It goes without saying that there is a
lot of money to be made in what many consider to be the world’s largest and
most rapidly expanding telephone and mobile services market. The established
big boys in the country like Airtel,
Reliance and Idea Cellular are wary
of developments that have been taking place in the telecom sphere. Just this
week, news broke that Telenor has
agreed to increase its stake in Unitech Wireless
perhaps based on the notion that over the long term it would serve them well.
This period has also heralded the entry of a new player in the national telecom
market, the company Aircel.
The India Street loves to give exclusive information to the investors. Find below details of few quality stocks that is going to rule the market in 2008.
Please click on the above link to view the disclosure document before reading this article. The contents may not be reproduced in any form without obtaining prior permission from the publisher.
As the telecom pie grows bigger
in the country more want a slice of it. It goes without saying that there is a
lot of money to be made in what many consider to be the world’s largest and
most rapidly expanding telephone and mobile services market. The established
big boys in the country like Airtel,
Reliance and Idea Cellular are wary
of developments that have been taking place in the telecom sphere. Just this
week, news broke that Telenor has
agreed to increase its stake in Unitech Wireless
perhaps based on the notion that over the long term it would serve them well.
This period has also heralded the entry of a new player in the national telecom
market, the company Aircel. 
