Hutch Telecom delays Indian IPO

Hutch has pushed the IPO of its Indian unit, expected to raise roughly US$350-$500 million, into the second half of this year due to regulatory uncertainty.
HTIL, which positions itself as an emerging markets Vodafone, is looking for opportunities in Asia, the Middle East and Eastern Europe. Besides India, it operates in Hong Kong, Thailand, Israel, [...]

Nokia Chooses Chennai

It will be Nokia’s tenth mobile device manufacturing facility in the world.
Project: manufacturing facility for mobile devices
Location: Sipcot industrial estate in Sriperumbudur near Chennai
Cost: estimated to be $150m
Production: expected to commence in the first half of 2006
Source: Financial Express

Other Notable News & Articles

Reliance Infocomm denies phone-tapping
CDMA users take a dip
BenQ unveils new phone M305
BSNL sees profits of Rs 70 b

Tatas raise investment in telecom sector

The present roadmap of the company to own 25 per cent of the telecom subscribers in the country in the next 4 years will require them to expand the present capacity by 5 times, in line with the 200 million subscribers projected by March 2009.
Source: Mid-day

R World generates Rs 1 cr revenue in two days

The Indo-Pak one-dayer at Kochi contributed much of the Rs one crore revenue. The company estimates revenue of Rs 25 crore per month. Most of Reliance’s RWorld services became paid on April 1 this year.

Quote of The Day

Mobile is not the PC but the laptop of the East for business people.
- Rajesh Jain