Indian telecom giant Bharti Airtel has increased its stake in the Nigerian Airtel network by 13.36 per cent to a total of 79.06 per cent.
Indian telecom giant Bharti Airtel has announced plans to acquire Alcatel Lucent's entire stake in their joint venture company.
Indian mobile phone giant Bharti Airtel is planning an initial public offering (IPO) of its telecommunications tower unit to raise an estimated amount of $825 million.
India’s Bharti Airtel and Japan’s Softbank Corporation have announced a partnership with Yahoo Japan to develop a mobile internet portal and other services for the Indian mobile market.
Bharti Softbank (BSB), a 50-50 joint venture between the two mobile phone giants, have created a new firm BSY to launch operations later this month.
India's scandal-hit telecom sector received a boost this week with the release of the broad guidelines for a brand new telecommunications policy for the country.
The new rules will make mergers and acquisitions (M&As) between operators that create a combined market share of up to 35 per cent “simple and quick”, easing earlier restrictions in the area.
The world’s largest mobile phone company, Vodafone, won its legal battle against a $2.2-billion tax bill imposed by Indian authorities. The Supreme Court decision in its favour this week is being seen as a victory for foreign investment into the country. The tax bill related to Vodafone's $11-billion deal to buy Hutchison Whampoa Limited's Indian mobile business in 2007.
India’s leading mobile phone network provider, Bharti Airtel, has crossed the 50-million subscribers mark in Africa within just 17 months of acquiring Zain Telecom in the region.
The Sunil Mittal led company claims to have added 14 million new mobile customers in this period and invested $1 billion in the network infrastructure during the current financial year.
The world’s fifth largest firm in this segment currently operates in 17 countries in the continent.
Telecom and financial services major Munoth Group has struck a joint venture partnership with China’s mobile handset manufacturer G’Five.
The Chennai-based company announced that the new JV will operate across manufacturing and marketing of handsets and smart communication devices, along with service and technology tie-ups.
Munoth G’Five Telecom Ltd (MGTL), the new 50-50 JV firm, will work exclusively on touchscreen mobile phones in the mid and premium segments and expects huge turnovers from year one.
Hyderabad-based mobile value-added services company IMImobile has acquired digital agency Skinkers.
The UK-based developer of apps for iPhone, BlackBerry and Android-OS based handsets has created mobile and desktop applications for companies such as American Airlines, the BBC, Microsoft and Virgin Atlantic. It also develops web-based apps, as well as mobile games.
Vishwanath Alluri, founder-chairman of IMImobile, said: “With the acquisition of Skinkers we will add considerable strength to our existing offering.
India's largest mobile phone operator, Bharti Airtel, has secured a licence to operate 2G and 3G services in Rwanda and now plans to invest $100 million in the country over the next three years. Bharti last year acquired telecom operations in 15 African countries as part of a $9-billion deal.
With its entry into Rwanda, Airtel will now operate in 17 countries in Africa, taking its worldwide total to 20 countries.
Rwanda is amongst the fastest growing telecom markets in Africa, with a mobile penetration of 38.4 per cent as of July 2011.