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Articles tagged with: Reliance Communications and Idea Cellular
Vodafone, Bharti and Idea Confirm Merging Indian Tower Ops
As has been widely rumoured over the past few weeks, India's Vodafone Essar, Bharti Infratel and Idea Cellular have confirmed plans to merge their tower operations into a single company. The new company, Indus Towers will provide passive infrastructure services in India to all operators on a non-discriminatory basis. more
Related Tags: ran, reliance, bharti, backhaul, essar, vodafone-essar, indus-towers, passive-infrastructure, towers, India
Reliance Seeks to Sell Further Stake in Towers Subsidiary
India's Reliance Communications (RCOM) is reported to be planning to sell another 5% stake in its wireless tower business (RTIL) by the end of this year. The Economic Times reports that JP Morgan has invited bids for the stake - which it aims to sell for more than the $345 million that the company got for the 5% it sold earlier this year. The sale at the time valued the tower operations at US$6.75 billion. more
Related Tags: rcom, reliance, bharti, bharti-airtel, India
Three Indian Operators Consider Merging Tower Operations
Three of India's GSM networks, Bharti Airtel, Vodafone and Idea Cellular are reported to be considering splitting off their respective tower operations and merging the three companies into a super-network which would be shared by all three operators. The Business Line newspaper reports that the three companies together own more than 70,000 towers across the country. more
Related Tags: reliance, bharti, bharti-airtel, India
India Idea In $600 Million-$800 Million Outsourcing Pact With IBM
KOLKATA -(Dow Jones)- India's Idea Cellular Wednesday signed a pact to outsource technology infrastructure to IBM India to focus on its core business. more
Related Tags: ibm, outsourcing, reliance, bharti, bharti-airtel, tata-teleservices
Fitch Comments On Race For Hutchison Essar
The proposed sale of Hutchison Telecommunications International's 67% stake in Hutchison Essar has drawn intense interest from international and domestic telecom operators, as well as financial investors. more
Related Tags: essar-group, orascom-telecom, reliance, bharti, essar-teleholdings, hutchison, essar, fitch, hutchison-essar, hutch
Indian Telecoms to See Robust Growth
Fitch Ratings has said that it expects India's telecom sector to sustain robust growth across market segments, underpinned by still-low teledensity, a strengthening economy and rising foreign interest. While consolidation is an ongoing theme, competition is expected to intensify given the aggressive expansion plans of certain regional players, some backed by their new foreign partners. Fitch also underscores that the expected continuance of hefty capital investment in an environment of intensifying competition is likely to preclude material credit improvements for most operators over the near term. more
Related Tags: fitch-ratings, reliance, bharti, fitch, fixed-wireless
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