Induslogic buys Lambent

Lambent Technologies, a Nagpur based mobile development company has been bought by Delhi-based Induslogic for an undisclosed sum.
Lambent’s CEO Shashikant Chaudhary prefers to call it a “merger

Birlas to buy out Tatas from Idea for Rs 4406 cr

The Aditya Birla group on Monday announced its intention to acquire the Tata group’s 48.14% stake in India’s fifth-largest operator Idea Cellular. The Aditya Birla group will hold 98.3% after the acquisition.
The deal estimates Idea to have an equity value of about Rs 9,000 crore. This is a sharp jump from the valuation of last [...]

Telecom subscriber base reaches 140 million

According to the latest figures from TRAI, gross telecom subscribers base touched 140 million at the end of March, 2006.
The month of March 2006 saw total new additions of 5.33 million.

5.03 million mobile additions

3.78 million new GSM subscribers
1.25 million new CDMA subscribers

0.30 million new fixed line subscribers

The total mobile subscribers at the end of March [...]