For Verizon advisers, patience pays off with huge payday
Jun14

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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DoT looking to intercept encryption services available on smartphones
Jun12

DoT looking to intercept encryption services available on smartphones

India and Israel Web List Posting are likely to come closer in the box of telecommunications as division of Telecommunications (DoT) could rope in a Israeli cyber agency for offering options to intercepting encryption services and products to be had on smartphones. Consistent with a document on engagements of Telecom Minister Kapil Sibal’s discuss with to Tel Aviv in the course of closing month, discussions have been held with...

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Spectrum auction set for January; revenue target at Rs. 11,000 crore
May31

Spectrum auction set for January; revenue target at Rs. 11,000 crore

  The Department of Telecom is likely to conduct the third round of spectrum auction by January and expects to garner a minimum revenue of about Rs. 11,000 crore this fiscal, a top official said. Replying to a query on expected time-line for the next round of spectrum auction, Telecom Secretary MF Farooqui said, “By January this financial year. That’s what we are working for.” He was speaking on the sidelines of...

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Vodafone seeking approval for $2.7 billion buyout in India venture
May18

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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iPhone sales power China Telecom to higher profits
May17

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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