Articles tagged with: Vodafone and Mumbai

Vodafone India Vice-President Commits Suicide

Vodafone India Vice-President, Chandramurli Iyer committed suicide by hanging in Mumbai last week, with allegations of blackmail surrounding the affair. Mr Iyer was found hanging from the ceiling fan by a rope at his residence in suburban Santa Cruz on Friday, the same day he had announced a plan to visit his family in Delhi, police said. more

Related Tags: suicide, India

Vodafone-Hutchison Joint Venture to Cut 450 Jobs in Australia

The recently merged vodafone Australia / Hutchison Telecom joint venture has announced the closure of its call center in Melbourne and the outsourcing of the jobs to India and Tasmania. more

Indian Operator at Risk of Losing Telecoms License

The telecoms license held by India's Loop Telecom may be at risk after the ministry of corporate affairs (MCA) has asked the communications ministry to investigate if the shareholders violate the law on cross company ownership. more

Vodafone Raises Debt for Indian Expansion

vodafone Essar, the company's Indian subsidiary is reported to have sucessfully raised around Rs 10,000 crore (US$2 billion) in a 5-year debt financing for network expansion and the forthcoming 3G license auction. The loan was arranged by the State Bank of India Capital Markets. more

Related Tags: , 3g, ict, 3g-license, tim, tax, hutchison, essar, vodafone-essar, court, auction, India

India's Aircel Reported to be in Talks to Buy Loop Mobile

India's Aircel Cellular is reported to be in talks to buy Mumbai based Loop Mobile (formerly BPL Mobile), which is owned by the Ruias of the Essar group. Both companies have been holding discussions for around seven months now, two people familiar with the discussions told the Economic Times. more

BPL Mobile Passes 2 Million Subscriber Mark

India based mobile operator, BPL Mobile - which covers just the city of Mumbai - has announced that it has passed the 2 million subscriber mark. BPL Mobile, in the past few months have substantially grown in their subscriber base, from 1.3 Million in March 2008 to 2 Million in January 2009. The net additions percentage share of BPL Mobile in the past 5 months has been at an average of 22%, much above the other operators. more

Related Tags: mtn, cdma, bpl-mobile, mtnl, airtel, tata, India

Vodafone Raising Funds for India's 3G Auction

vodafone Essar is reported to be currently trying to raise US$2 billion as a bridging loan to finance its bids in the country's delayed 3G and WiMAX auctions. The current reserve price for the 3G auction is US$412 million to cover all the available circles - although the auction has been delayed as the Finance Ministry is battling to double the reserve to at least US$824 million. more

Vodafone India CEO to Retire at the End of March

vodafone has announced that the CEO of its Indian subsidiary, Asim Ghosh is to retire in March - and named Marten Pieters as his replacement. Ghosh will however continue as a non-executive member on the board of vodafone Essar. more

Vodafone 3rd-Quarter Sales Up On Sterlings Decline

vodafone has published its interim results - and reported that its third quarter sales rose 14 percent - driven largely by currency fluctuations and rising revenues from India. Sales in the three months ending Dec 31st. were £10.47 billion (US14.9 billion), compared to £9.16 billion (US$13.1 billion) a year ago. Ignoring currency changes caused by a sharply declining UK Sterling and acquisitions, sales would have fallen by 1 percent. more

Related Tags: prepay, mobile-data, roaming, lte, termination, termination-rate

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