M&A activity in Europe

Deutsche Telekom (T-Mobile) is expected to announce on Friday that it has agreed to buy Austrian mobile operator Telering for about $1.6billion.
Last week, France Telecom bought Spain’s third largest mobile operator Amena for $12 billion.
And Ireland’s Eircom acquired Meteor, a local mobile operator for $506 million.
Source: Business Standard

Reliance telcos to be brought under RCVL

All the telecom-related ventures of the Reliance group will be brought under Reliance Communications Ventures (RCVL) as part of the reorganisation of the Reliance group. RCVL is a special purpose vehicle that will ultimately be the listed entity. Plans are to get it listed before March-end ‘06.
RCVL will be the holding company for the four [...]

Other Notable News & Articles

Reliance Info to waive late fees for MumbaiWaiver for customers whose bills were due for payment between July 25 and August 4 as a relief for the rain lashed.
Universal Pictures signs Indiagames to develop ‘Serenity’ gameTo create mobile content based on the Hollywood studio major’s upcoming film Serenity.
Indiagames announces expansion of its European operationsAppoints Steve [...]