Mobile Pundit

Living through the Indian mobile revolution

MTNL’s overseas interests

Business Standard reports that Mahanagar Telephone Nigam Ltd’s is eyeing a minority stake in a Chinese telecom company.
The company holds a 26.8% stake in United Telecom Ltd — a joint venture among VSNL (26.6%), Telecommunications Consultants India Ltd (26.6%) and Nepal Venture Private (20%). United Telecom provides basic telephony services using the wireless technology in [...]

Subex mulls more buyouts

Subex Systems is a provider of revenue maximisation software for telcos, which include fraud management and revenue assurance systems.
It is looking at more acquisitions to become a comprehensive player in the telecom revenue maximisation segment. For this the company is looking at various fund raising options including FCCBs and private equity routes.
The inorganic growth will [...]

SBI unveils pre-paid cards on mChq platform

State Bank of India jointly with Visa International launched pre-paid cards on the mChq platform, which is a mobile-to-mobile payment option. It will enable students, faculty and staff of IIT and those living in nearby areas to pay for their purchases with their Airtel mobile phones.
Here is how the systems works:
The service will be available [...]

KBC 2 gets record 10 cr Calls and SMS

Kaun Banega Crorepati 2 has managed to garner a total of 10 crore calls and SMSes in 65 episodes, through partner telcos BSNL and Airtel. KBC2 has beaten its own record of 9 crore calls in 309 episodes in 2000.
Of the total 10 crore figure, SMSes accounted for 15 per cent. BSNL contributed about 7.5 [...]

Gujarat Venture Finance invests in ConvergeLabs

GVFL’s investment in ConvergeLabs will be in the form of equity and equity linked instruments. Earlier investors in ConvergeLabs include Anthellion, Global Catalyst Partners and Walden International.
ConvergeLabs had recently launched its patent pending m-commerce solution “M-Bay

Other Notable News & Articles

Idea to pump in Rs 1,200 cr for expansion this fiscalPlans to roll out services in Himachal Pradesh, Rajasthan and western UP.
Spice telecom to invest Rs 2 billion in Punjab and Karnataka circlesHas applied for licences in six states, including Rajasthan, UP, HP and Jammu and Kashmir.
Tata places Rs 120 crore order for 3 lakh [...]

More on Vodafone and Bharti

Here are some more articles on Vodafone’s $1.5 billion investment in Bharti. This has been a second coming for Vodafone in the Indian market. It exited its first venture RPG Cellular, by selling its 20.7% stake to Aircel in ‘03. The reason given was that the venture’s operation was limited in geographic scope as it [...]

Pre-IPO moves by Reliance

Two stories on the moves Reliance Infocomm is making in prepartion for its IPO next year. The company posted a net profit of Rs 51 crore on a turnover of Rs 5,387 crore in

Sasken net grows 78% in Q2

Sasken Communication Technologies Ltd has posted a net profit of Rs 11.67 crore for the second quarter ended September 30, 2005, registering a growth of 78% compared Rs 6.55 crore posted during the corresponding quarter last year.
During the quarter, the company successfully launched a new business vertical

Other Notable News & Articles

Airtel crosses one million customers mark in MumbaiClaims to be the fastest operator to cross the one-million mark.
Reliance Info launches Mobile Application Contest 2005Send your entries on dadp.com by January 31, 2006.
Hutch brings Diwali Gift Shop through Voice Response on mobilesSubscribers can pay by credit cards, Itz cash card or Federal Bank Direct Debit option.
Nokia [...]

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  • VeerChand Bothra

    Entrepreneur, Mobile Marketer, Social Media enthusiast, Mobile Monday Mumbai founder

    email me



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