Vodafone seeking approval for $2.7 billion buyout in India venture
Jul16

Vodafone seeking approval for $2.7 billion buyout in India venture

British telecom massive Vodafone is learnt to have applied to govt for raising its stake in its Indian arm to 100 percent at an estimated USD 2.7 billion (Rs.16,600 crore). Trade sources mentioned Monday Vodafone has utilized to overseas investment Permission Board (FIPB) for permission to lift its stake in Vodafone India from seventy four p.c to one hundred pc. While Vodafone didn’t right away revert again emails despatched for...

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Huawei posts strong running revenue for 2013, despite turbulent year
Jun29

Huawei posts strong running revenue for 2013, despite turbulent year

Huawei posts strong operating profit Huawei technologies Co Ltd posted an over 40 % upward push in annual operating profit because the Chinese telecom equipment maker accelerated its presence in rising markets, countering reduced earnings growth hit by way of accusations of cyber-espionage. Huawei, the world’s No.2 telecom gear maker, has had a turbulent year during which it used to be shut out of multi-billion buck network...

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For Verizon advisers, patience pays off with huge payday
Jun27

For Verizon advisers, patience pays off with huge payday

It has been a ten-yr-lengthy look forward to bankers advising Verizon Communications Inc on its $130 billion deal to take complete control of Verizon wireless, however their persistence will yield both good-looking charges and bragging rights. Bankers, including Paul Taubman, Alan Schwartz, Andrew Decker and James Ferency, have been among the advisers that Verizon used back in 2004, when it first came just about shopping for out...

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Reliance Jio Infocomm gets unified licence for nationwide 4G services
Jun19

Reliance Jio Infocomm gets unified licence for nationwide 4G services

Reliance Industries’ telecom arm Reliance Jio Infocomm has received a unified telecom licence in order to enable it to supply voice telephony and high speed knowledge services and products throughout the united states. The division of Telecommunications Monday licensed supply of unified license to Reliance Jio, the only telecom operator to own nationwise fourth era spectrum or radio waves, sources mentioned. The unified licence...

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iPhone sales power China Telecom to higher profits
Jun03

iPhone sales power China Telecom to higher profits

State-owned China Telecom, the u . s . a .’s 1/3 biggest cell phone operator by using subscribers, said Wednesday that revenue grew within the first half of of the yr as income from iPhone gross sales kicked in. Beijing-primarily based China Telecom, also the arena’s greatest fastened-line telephone operator, stepped up marketing spending to woo buyers after it was the second chinese language mobile company to supply...

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