LG to make CDMA handsets in India

LG is planning to start manufacturing CDMA handsets in India next year at the company’s existing plant in Pune, where it currently produces GSM handsets.
“As of now, the company imports CDMA handsets in India, but once the manufacturing begins it would be sufficient for the market here,” he said.
The Pune plant produces over one million [...]

ZTE beats Huawei for BSNL tie-up

Telecom vendor Huawei Technologies has lost out to another Chinese equipment vendor, ZTE Corporation, in the race to form a 50:50 joint venture with BSNL for manufacturing CDMA mobile handsets and fixed wireless terminals. The deal would involve technology transfer as well as transfer of machinery.
To begin with, the JV would include the manufacture of [...]

IDEA applies for Mumbai circle

IDEA Cellular announced its plans to enter the Mumbai cellular market and said the company would be investing Rs 1,200 crore in next six month to upgrade its network in the existing 8 circles.
“We have applied for a licence for Mumbai and hope to start services soon,” CEO of IDEA Cellular Vikram Mehmi said, adding [...]

WestBridge, Sequoia, Cisco pick 10% stake in Bharti Telesoft

Bharti Group today offloaded 10% stake in Bharti Telesoft to a group of investors led by WestBridge Captial Partners for 13.5 million dollar. Goldman Sachs-backed WestBridge has invested 8 million dollar followed by Sequoia Capital 3.25 million dollar and Cisco 2.25 million dollar.
Bharti Enterprises Vice-Chairman Rakesh Mittal told reporters that Bharati Group and its management, [...]