67% stake in Hutchison-Essar is up for sale
The Hong Kong based Hutchison
group's 67% stake in Hutchison-Essar is up for sale. According to industry
sources, the Essar group which has the first right of refusal, made
an offer yesterday to buy the said stake at an estimated enterprise value
of $17-18 billion. The offer was made through Morgan Stanley and Bear Stearns
who are the advisors. The Essar group is believed to have received a line
of credit of about $10 billion from Citibank and Morgan Stanley.
The Essar group has the first
right of refusal if the stake is sold to an Indian bidder while Hutchison
is free to sell it to foreign bidders.
The parties that have shown
interest in the bid so far include Vodafone, Reliance Communications and
Texas Pacific-led consortium with Malaysia’s Maxis. Hutch's advisor is
Goldman Sachs. The talks are on but no formal bids have been placed yet
by anybody except Essar.
International opens office in India
International Corporation, a leading PDA phone and Smartphone provider
today announced the appointment of Ajay Sharma as the Regional Sales Manager,
Dopod Communications (India) Private Limited, to oversee its Indian operations.
In India, Dopod International will be based out of New Delhi. The new office
will offer wide range of converged devices and PDAs. The New Delhi office
joins Asia offices in China, Taiwan, Hong Kong, Singapore, Malaysia, Thailand,
Indonesia and Australia. more...
becomes the first Indian telecom operator to launch 3G services - Starts
3G operations in Seychelles
has become the first Indian telecom service provider to launch 3G services.
Telecom Seychelles, a subsidiary of Bharti Global, has launched 3G operations
in Seychelles. The Company, which has been has been providing telecom services
in Seychelles since 1998 under the Airtel brand, has made significant investments
for rolling out state-of-the-art 3G services. Telecom Seychelles is also
the first telecom operator to launch 3G services in the island nation.
to Mr. Sunil Bharti Mittal, Chairman & Group Managing Director, Bharti
Enterprises, “This is a proud moment for Bharti and the Indian telecom
industry. This launch demonstrates that Indian telecom industry is ready
to introduce world-class 3G services. Our 3G operations in Seychelles will
provide us with valuable experience, which will be extremely beneficial
for rollout of our 3G services in India.” more...
bill payment and Movie Ticket bookings now through Reliance Mobile
line with its endeavour to offer the power of convenience to its many million
customers, Reliance Communications today added a few more mass-market Mobile
Commerce (M-Commerce) applications on the Reliance Mobile World platform.
The company has tied up with Reliance Energy to offer the convenience of
electricity bill payments which would benefit roughly 2.5 mn customers
of Reliance Energy in Mumbai. Through another tie-up with leading multiplex
cinemas including Adlabs, Fame Cinema and PVR, Reliance Mobile customers
would now be able to book movie tickers on click of a button, anytime anywhere.
subscriber base crosses 100 million mark in India
to latest COAI release, total GSM subscriber
base in India crossed 100 million mark in the month of November 2006,
well ahead of expectations. The GSM industry has added 5 million subscribers
last month. In terms of the GSM subscriber base, India is now placed third
after China and Russia. On the other hand CDMA subscriber base stands at
around 35 million as per AUSPI figures.
Communications adds a record 1.35 mn subscribers in November
Communications, ranked among Asia’s 6 topmost valuable telecom companies,
today announced a record 1.35 million net subscriber additions on its wireless
network, the highest growth seen across all telecom operators during November
2006. Sustaining the growth momentum, Reliance Communications monthly net
subscriber additions have experienced a growth rate of 17%, over previous
Communications launches Festive Bonanza Reliance Hello ‘Unlimited Onnet
the festive season just round the corner, the celebrations have already
begun for customers of Reliance Communications. In a move that would benefit
many million Reliance Communications’ subscribers, the company today announced
the launch of Reliance Hello ‘Unlimited Onnet STD Offer’. With a monthly
rental of Rs. 1500, Reliance subscribers opting for this innovative offer
will be able to make unlimited calls to any Reliance phone anywhere in
India absolutely free. This offer with a choice of postpaid or prepaid
payment options will be available to Reliance Hello subscribers in the
telecom circles of Delhi, Mumbai, Chennai, Punjab and Himachal Pradesh.
Unveils Ultra Options for Every User
Electronics Co. Ltd. today unveiled three new additions to the Ultra portfolio:
Ultra Music, Ultra Video, and Ultra Messaging.
Samsung Ultra Music is a complete music player with superb sound quality.
It is equipped with digital power amp offering dedicated music user interface
that makes it easy to navigate through the song list. Additionally, it
has a stereo FM radio and a Quick PC Sync allowing users to create a music
library and play lists. Ultra Music still has all the extra features consumers
have come to expect, including a 2.0 mega-pixel camera, long-lasting battery
life and Bluetooth. The handset design is clever, with a dual face that's
both unique and stylish. On one side is a large, clear screen with a sweep
touch key that makes navigation very intuitive. On the other side is the
fully functional phone that can be used while listening to music. more...
Alcatel and Lucent
complete merger creating world's leading communication solutions provider
Alcatel and Lucent Technologies
today announced the completion of their merger
transaction and that they will begin operations
as the world's leading communication solutions provider on
December 1st, 2006. The new company Alcatel-Lucent, with
one of the largest global R&D capabilities
in communications and the broadest wireless, wireline
and services portfolio, is incorporated in France, with
executive offices located in Paris. The company will be traded on
Euronext Paris and the New York Stock Exchange (NYSE) from December 1st,
2006 under a new common ticker (Euronext Paris
and NYSE: ALU). As a result of the merger, each outstanding
share of Lucent common stock has been converted into
the right to receive 0.1952 of an Alcatel ADS. In connection with the merger,
Alcatel has issued approximately 878 million shares, which
is equivalent to the total number of ADS to be issued to the
holders of Lucent common stock. Following the completion
of the merger, approximately 2.31 billion ordinary shares of Alcatel-Lucent
are outstanding. more...
Europe's first live Mobile TV in S-band
Paris, November 28, 2006
- Alcatel (Paris: CGEP.PA and NYSE: ALA) announced today the successful
demonstration of Europe's first broadcast of live TV channels on mobile
handsets in S-band. The demonstration took place in Alcatel's UK premises.
It is using the new DVB-SH standard (Satellite services for Handhelds),
which is currently being drafted by the DVB Project. To perform this demonstration,
Alcatel was assisted by UK broadcasters Sky, ITV and BBC. more...
Introduces Hindi T9® Predictive Text Input On New LG Phones
Communications, a wholly owned subsidiary of AOL, today announced that
LG Electronics has launched Hindi T9® Text Input software
in its latest GSM phone model, LG KG110. Hindi T9 predictive text input
software was ported to the LG GSM handset by local LG engineers at the
LG engineering center in Pune, Maharashtra State, India. more...
Communications launches Free term Life Cover insurance Policy for its CDMA
Communications Limited has announced today the launch of a unique scheme
that offers 'Free Group Term Life Cover' (TLC) exclusively to more than
25 million CDMA subscribers of Reliance Mobile and Reliance Hello.
This, first of its kind scheme in the country, offers Reliance Communications'
customers an insurance cover of upto Rs 50,000 merely through an SMS without
paying any premium. more...
Communications offers FREE unlimited STD calls
a move that would benefit millions of customers of Reliance Communications,
the company today announced the launch of Free STD calling facility at
night. Using the Reliance STD Call Card of Rs 675 (offering full talk time
of Rs 601) Reliance customers will be able to call any Reliance phone anywhere
in India completely free between 11.00pm to 6.00 am. And that's not
all, for all other calls at any time in the day; the subscriber would pay
just Re 1 per minute. more...
INSTRUMENTS ANNOUNCES THE 9th TEXAS INSTRUMENTS DEVELOPER CONFERENCE (TIDC)
Instruments Incorporated is pleased to bring to you the Texas Instruments
Developer Conference (TIDC) India to be held from 30th November - 1st December
2006 at the NIMHANS Convention Centre, Bangalore. The Pre-TIDC India hands-on
tutorials will also be held at the NIMHANS Convention Center two days prior
to the event on 28th and 29th of November 2006. more...
Single-Chip Cell Phone Technology Will Make Multimedia Phones Affordable
for Mass Market
During the 3G summit of
wireless industry leaders held in Mumbai, Bobby Mitra, MD of Texas Instruments
Incorporated India, touched upon the new OMAP-Vox(tm) single-chip
solution designed to foster development of lower-cost multimedia-rich feature
phones. Codenamed 'eCosto', the new single-chip platform is leveraging
TI's innovative DRP(tm) technology which is successful with the 'LoCosto'
value platform in volume production today. The 'eCosto' platform
also leverages the multimedia capabilities of the OMAP-Vox(tm) platform
in volume production today with the OMAPV1030 solution. The first
product in the new 'eCosto' platform will be the OMAPV1035 single-chip
solution, which will be manufactured in 65-nanometer (nm) and will support
GSM, GPRS and EDGE standards. more...
3G CDMA Technology
Helps Drive Economic Growth and Transform Communications Worldwide
QUALCOMM, a leading developer
and innovator of Code Division Multiple Access (CDMA) and other advanced
wireless technologies, announced today that it will showcase some of its
latest innovations in 3G CDMA wireless technology, as well as its efforts
towards empowering underserved populations, during the Asia Pacific Economic
Cooperation (APEC) CEO Summit 2006, in Hanoi, Vietnam, November 16-19,
2006. The Company said it expects that sustained interest and uptake
in 3G will continue to propel economic development and transform communications
for societies worldwide. more...
Hutch & Nokia
come together to launch 'INDISMS', local language SMS service
Hutch and Nokia today announced
an alliance to offer - INDISMS - Local Language SMS service for Hutch customers
who use Nokia phones. This service will enable Hutch post- & pre paid
customers to send and receive SMS in 9 Indian languages - Hindi, Punjabi,
Marathi, Kannada, Malayalam, Gujarati, Bengali, Tamil and Telugu, on their
Nokia phones. more...
British Telecom applies
for NLD & ILD licenses in india to provide End-To-End Managed Services
BT today announced it has
lodged applications with the Indian Department of Telecommunications for
national long distance and international long distance licenses.
When granted, the licenses will enable BT's newly-formed joint venture
company, BT Telecom India Pvt. Ltd., to offer services for the first time
directly to multisite corporate customers in the Indian market. more...
to Highlight Sasken Partnership at the TIDC India 2006
Furthering its commitment
to accelerate wireless growth in India and high-growth markets worldwide,
Texas Instruments Incorporated (TI) [NYSE:TXN] today announced that it
will showcase its partnership with Sasken at the Texas Instruments Developer
Conference (TIDC) India (Please visit ti.com/tidc/india2006 for more details)
to be held on November 30th and December 1st 2006 at the NIMHANS Convention
Centre, Bangalore. Sasken, one of TI's leading application software providers,
offers a scalable, integrated application suite to boost development of
affordable multimedia feature phones. more...
adds 1.25 million wireless customers
ranked among Asia's 6 topmost valuable telecom companies, continuing the
trend of consistent growth acceleration added over 1.25 million wireless
subscribers on its network, during the month of October 2006. The superior
value driven offerings from Reliance Mobile resulted in an 8% growth in
average monthly subscriber additions of previous quarter (July - September
2006). Reliance Communications commenced services in over 200 towns during
October and expanded its coverage to 6000 towns. more...
Samsung and Government
of Tamil Nadu sign a MOU to build a manufacturing complex in Chennai
The digital technology leader,
Samsung India Electronics Pvt. Ltd. today announced that it has completed
a Memorandum of Understanding ("MOU") with the Government of Tamil Nadu,
India to set up a second manufacturing complex in Sriperumbudur, Chennai,
India to cater to the fast growing requirements for the company's consumer
electronics products in India. The project could mean an investment of
up to US$ 100 Million over a five year time frame. more...
Highest ever GSM Additions
in Oct. 2006
COAI is pleased to announce
that the GSM industry continues to sustain its aggressive growth in subscriber
additions. The month of October 2006, saw the GSM industry set a new record
by adding 4.7 million subscribers (which is even higher than the 4.4 million
subscribers added in the month of September 2006).With this the All India
GSM subscriber base has touched the 96 million as on end October 2006 as
compared to 91 million as on end September 2006.
October 2006 also saw the
mobile industry achieve another milestone as the total mobile subscriber
base in DELHI (both GSM as well as CDMA) crossed the 10 million mark.
DELHI thus joins the elite club of cities having more than 10 million subscribers
- of which 7 million are on GSM. more...
introduces 'Night Chat Recharge'
leading cellular operator and a Aditya Birla Group company Idea Cellular
Ltd. has launched Night Chat Recharge to add to the zest and spice
of the festive season. Priced at an affordable Rs. 46, this product promises
to change night time calling pattern of Idea Pre-paid customers. The benefits
include free all local Idea-to-Idea calls and SMS, all local mobile
calls @ 49 paisa / min and STD calls @ 99 paisa / min. more...
Communications brings MMS Interoperability to India
a pioneering move in the Indian mobile communication space, Reliance Communications
today announced the launch of Multimedia Messaging Service (MMS) Interoperability
for its subscribers and many hundred million mobile subscribers world over.
With the launch of the MMS interoperability service Reliance Mobile customers
would be able to share their MMS pictures, videos and tones with subscribers
of global telecom majors like China Mobile, China Unicom, Digi-Malaysia,
Telstra - Australia and MTNL, to name a few. Reliance is currently in discussion
and also, testing interoperability with other operators in India. more...
Reliance Board approves
transfer of wireless towers and related infrastructure to a 100% subsidiary
The Board of Directors of
Reliance Communications Limited ("RCOM") today approved a scheme for the
transfer of the existing wireless towers (CDMA and GSM) and related infrastructure
of the Company, to a 100% subsidiary, subject to necessary approvals. Commenting
on the development, Anil D. Ambani, Chairman, said, "This is the first
of a series of initiatives we will be taking to remain asset-light, and
enhance our competitiveness, ultimately leading to unlocking of further
value for the benefit of our nearly 2 million shareholders." more...
launch in UP (East) Unifies Uttar Pradesh
Cellular Ltd., a leading cellular operator and an Aditya Birla Group company,
today announced the launch of its mobile services in UP (East). With this
launch, Idea has united UP East with UP West, where it is the leader. Close
on the heels of the launches in Himachal Pradesh and Rajasthan, Idea, the
fastest growing operator in India, now achieves near total coverage across
North, Central, and West India. more...
Introduces Gas Booking Service on Mobile Phones
In a move that would benefit
the 2.6 crore customers of Reliance Communications (RCL) and strengthen
its B2C mobile application suite, Reliance Mobile World (R World) introduces
yet another mass market utility service - Gas Booking via the mobile phone
. After Railways and Airline bookings, India Speed Post tracking, bill
payment and mobile banking, cooking gas booking is being extended to the
Reliance customers as another convenience on the go. To start with Hindustan
Petroleum (HP) gas customers using Reliance Mobile World and SMS can make
use of options like gas bookings, queries on on-mobile
phones, real-time complaint registrations and many more. Currently, there
are approximately 2.25 crore HP gas customers nationwide. more...
LG presents the 'Dynamite'
Series - KG 300 & KG 200
LG Electronics India Pvt.
Limited (LGEIL), Leading Consumer Electronic, Home Appliance & Mobile
Handset Co. and the fifth largest Handset manufacturer in the world, today
launched its powerful feature packed phones - the KG 300 and KG 200, better
known as the 'Dynamite Series'.
"The Dynamite series encapsulates
the world's best technology, wrapped in a stunning style. The phone has
unique features like Video Caller ID, Call Conversation Recording, Intelligent
Call and FM Recording, which is exclusive to LG. According to Mr. H. S.
Bhatia, National Product Group Head, GSM Mobile Phones, "With the sweet
success of 'Chocolate' LG is now geared with an aggressive strategy for
the GSM Market. India Markets are craving for stylish and feature packed
phones. The Dynamite KG300 is extremely fascinating in terms of style,
fully loaded with unique features and is available at unbeatable price."
Limited announced its unaudited consolidated financial results for the
Limited ("RCOM") today announced its unaudited consolidated financial results
for the quarter ended 30th September, 2006. The highlights of financial
performance are: Net Profit of Rs. 702 crore (US$ 153 million), compared
to a loss of Rs. 19 crore (US$ 4 million) in the corresponding quarter
last year; EBITDA at Rs. 1,353 crore (US$ 294 million), growth of 216%
over the corresponding quarter last year; Revenue growth of 40% at Rs.
3,526 crore (US$ 767 million) compared to Rs. 2,522 crore (US$ 549 million);
EBITDA margin expands to 38% from 17% in the corresponding quarter last
year, with strong contributions across all businesses - Wireless, Global
Commenting on the results,
Mr Anil Dhirubhai Ambani, Chairman, Reliance Communications Limited said:
"The Reliance Communications growth engine is poised to deliver accelerated
profitability and even greater momentum in the years ahead. Our unique
fully integrated telecom operations, differentiate us from mainly mobile
operators, and will deliver unmatched value to our over 2 million shareholders."
and Samsung partner to develop Mobile TV handsets in the S-Band
and Seoul, October 30, 2006 : Alcatel (Paris: CGEP.PA and NYSE: ALA) and
Samsung Electronics (Seoul KSE: 005930 and London GDR: SMSN) today announced
that they have signed an agreement to develop mobile handsets compatible
with the evolution of the DVB-H standard in the S-Band. This is part of
Alcatel's Unlimited Mobile TV solution. more...
leads Motorola's Hot New Portfolio Delivering Style for All
Motorola, Inc. (NYSE: MOT),
a global leader in wireless communications, today introduced its hottest
portfolio to date with a kaleidoscope of 'must-have' mobile devices and
accessories that will set new standards in style for Indian consumers.
In the spotlight of Motorola's new portfolio is the hotly anticipated,
ultra slim MOTOKRZR. Available in India at a recommended retail price
of Rs 16,990, MOTOKRZR provides the ultimate blend of design and functionality
with a unique solid glass front, full suite of multimedia services, premium
craftsmanship, precision detailing and elegant finish. With a stunning
reflective blue casing, MOTOKRZR features a high resolution 2.0 megapixel
camera, stereo Bluetooth® headset support1, an updated phone directory,
new messaging applications, integrated music player and expandable memory
up to 1GB. This phone comes equipped with EDGE technology. more...
Mobile World Launches 300 Downloadable Content Services for Diwali
Communications introduces over 300 special downloadable services for this
Diwali for its subscribers. The total number of applications available
on the Reliance Mobile World has now touched a new high of 2300 options
to choose from. For this Diwali, Reliance Mobile customers can also
enter a slew of contests, which can win them a trip for two to Mauritius.
Communications launches Mobile Blogging
Communications, India's largest integrated telecommunications service provider
launched its maiden mobile blogging service - Mblog. Subscribers can now
transmit images, videos and their thoughts with a group of friends or with
everyone on the World Wide Web by posting the content on the Internet from
their mobile phones. Reliance Communications is the first telecom
service provider in India to provide mobile blogging service on a pan-India
basis without any cumbersome registration process. more...
IDEA launches its
10th Circle in Rajasthan
Following the crossing of
10 Million subscriber landmark and the launch of its operations in Himachal
Pradesh, IDEA Cellular Ltd, India's leading cellular operator and an Aditya
Birla Group company, today announced the launch of its services in Rajasthan
at the hands of Her Excellency, Smt Pratibha Patil, Governor of Rajasthan
and the President & CEO of IDEA Cellular Mr. Vikram Mehmi. more...
Airtel Crosses 2.5
Million-Customer Landmark In Delhi
Airtel, India's leading
mobile services provider, today announced its achievement of becoming the
first mobile service operator in a metro circle to cross the 2.5-million
customer mark in Delhi. The milestone is a testimony to its world-class
infrastructure & service deliveries with a strong focus on quality,
customer service and innovation. more...
India GSM subscribers figure reached 9.1 cr
another 43.9 lakh subscribers additions last month, the all India GSM cellular
subscribers figure reached 9.1 cr. Airtel, BSNL, Hutch and IDEA are
leading players with 29.73%, 23.16%, 22.37%, 11.39% GSM market share respectively.
The CDMA subscriber base in the country is around 3.1 cr where Reliance
and Tata are the main service providers.
Hutch to Launch BlackBerry
Hutch, one of India's leading
mobile service providers, and Research In Motion (RIM) (NASDAQ: RIMM; TSX:
RIM), a global leader in wireless innovation, today announced plans to
launch BlackBerry® on the Hutch GPRS and EDGE networks. With the launch
of BlackBerry, Hutch's customers will be able to enjoy the trusted BlackBerry
solution that supports wireless access to email, phone, text messaging,
browser, organizer and other mobile applications. more...
launches P310 card size phone in India
Telecommunications India (STI) a dominant player in Indian mobile industry,
today announced the launch of SGH-P310 - a credit card size phone. This
phone illustrates Samsung's sensitivity to Indian fashion conscious business
professional's need for mobile phones having stylish exteriors, embedded
with cutting edge features and longer battery life.
P310 offers superior portability with its slim form factor at a mere 8.5mm
thinness with an elegant chrome and black exterior. Resembling a sleek
and smart credit card, the P310's modern design is bound to attract the
fashion-conscious business professionals. The exquisitely designed P310
is the perfect companion for working professionals and business users fulfilling
their desire for a stylish premium feather-light mobile having longer talk
time and serving their needs anytime, anywhere. The handset will be available
to the customers at Rs 21,499/- only. more...
Hutchison Essar Acquires
Hutchison Essar Limited,
one of India's leading cellular service provider, today announced that
it has completed the acquisition of Essar Spacetel Limited ('Essar Spacetel').
Essar Spacetel has applied for licenses in Madhya Pradesh, North East,
Himachal Pradesh, Bihar, Orissa, Assam, and Jammu & Kashmir - circles
which are not serviced by Hutch right now. more...
IDEA crosses the 10,000,000
Having recently launched
its' 9th Circle in Himachal Pradesh, Idea Cellular an Aditya Birla Group
company and India's leading cellular operator today announced that it has
crossed the 10 million-customer milestone and has more than a million customers
in 7 out of 8 circles. The journey to the 10 million milestones has been
phenomenal with Idea continuously adding customers and raising its market
share in the mobility market. Between April '06 - August '06, Idea added
the highest number of net adds among all operators in the Idea territory.
In addition to the world-class customer care, Idea provides customers with
a complete mobile experience synergizing innovative services with revolutionary
and affordable tariffs. more...
Jarrett Appleby, Head
- Strategy, MCI (Verizon) joins Flag Telecom
Moving a step further on
the growth plans to enhance its bouquet of offerings to emerging Next Generation
Services, FLAG Telecom - a subsidiary of India's largest integrated telecom
service provider Reliance Communications, has appointed former Head - Strategy
of MCI (Verizon), Jarrett Appleby, as Senior Vice President, Marketing
and Strategy and a member of the company's Executive Team. more...