Cellular Bank of India
M for Mobile. M for Money. M for Mobile Money.
This artice in ET may seem to be aggrandizing the scope for mobile payments. But I think the writer Mayur Shetty is on solid ground when seeing possibilities for some sort of convergence between banks and mobile operators. Japan and Slovenia are two countries I [...]
Season’s Greetings
Here’s wishing all readers of Mobile Pundit a Happy 2007!
Would like to take this opportunity to announce the launch of “Free SMS Greetings” service from MyToday.com.
Q. Free? So whats the cost catch.
A. No cost. Swear on Santa.
MyToday SMS Greetings allows you to send free greetings via SMS to any mobile in India. You can [...]
Tech Mahindra bags $1 bn British Telecom deal
Pune based telecom software servics company Tech Mahindra has signed a five-year outsourcing deal with British Telecom (BT) that is expected to generate revenues of over $1 billion. This is the largest contract bagged by any software services firm in India.
The company will support BT’s planned growth of managed services to business customers around [...]
Mobile Monday India
The Mumbai chapter of Mobile Monday held its sixth event at Mobile2Win’s office on 18th December. There was a panel discussion on the topic “Mobile Music - Untapped revenue streams”.
The Bangalore MoMo chapter also held its sixth event on the same day on the topic “3G in India”.
Mobile Monday Hyderabad kick-started its activities last month. [...]
The Swayamvar of Hutch
Hong Kong based Hutchison Telecommunications International (HTIL) is conducting a Swayamvar of its Indian subsidiary Hutch-Essar (HEL). And all the big and small maharajas of Indian telecom are lining up.
Buying and selling businesses is not alien to Hutchison Whampoa, headed by billionaire Li Ka Shing. The group sells a business as and when it gets [...]
Mobile Monday - December Event
The December event of Mobile Monday Mumbai will be held on 18th of the month.
The topic of the month is “The Mobile Music Market in India - Untapped Revenue Streams”.
Many thanks to Mobile2win for hosting the event.
Agenda:
There will be a Keynote address followed by Panel discussion on the topic.
Panel Members:
Rajiv Hiranandani, Country Head, Mobile2win
Rajjat Kakkar, [...]
UTV buys majority stake in Indiagames
Its a week full of big news.
One of India’s top media and entertainment companies UTV Software has decided to acquire the controlling stake in Indiagames - the largest gaming company in India and Ignition Entertainment - a console gaming company based in UK.
The proposed acquisition of controlling stake in Indiagames is for Rs 68 [...]
5 million GSM additions in November
GSM subscriber base in the country has crossed the 100-million landmark. 5 million new GSM subscribers were added in November, which is the largest since cellular services began in India in 1995.
India has now become the third-largest GSM market in the world behind China (401.7 million subscribers) and Russia (152.2 million).
During October, India had created [...]
Hutchison Whampoa may sell off telecom business
Hong Kong-based Hutchison Whampoa group is believed to be considering a sale of its telecom business, including its highly lucrative Indian operations.
Sources close to Hutchison Whampoa said the Hong Kong-based giant is willing to consider a sale. While no formal mandate has been given, Goldman Sachs and ABN Amro are believed to have talked to [...]
Sequoia picks up 1.5% in Idea for $48m
ET reports that VC firm Sequoia Capital has picked up about 1.5% stake in Idea Cellular for around $48 million.
According to sources, this transaction has taken place at a higher price as compared to what was paid by other PE players and hedge funds, who recently picked up stake in Idea Cellular.
US-based Providence Equity Partner’s [...]
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