BSNL (Bharat Sanchar Nigam Ltd) is planning to increase its value up to Rs 15,000 crore through long-term loans from banks. SBI Capital Markets has been appointed to arrange the loans to telecom PSU. BSNL is in huge debts, The PSU had registered a loss of over Rs 6,000 crore for the year 2010-11 and […]
According to sources, Reliance Communications is planning an initial public offering (IPO) of Reliance Globalcom in Singapore. Reliance may sell 75% stake in this company, through which Reliance Communications is looking forward to raising up to $1.5 billion. The company has a debt of nearly Rs 32,000 crore by the end of September 2011. To […]
Bharti Airtel is planning to increase its subscriber base by one fourth of its actual value in this year. This decision was taken keeping in mind the growing demand for data services said company’s managing director on Wednesday. Bharti, is very much looking forward to win market share in various places of Africa such as […]
Vodafone India has connected with NM Rothschild, an investment bank to advice the company with its listing plans and assistance to clear the regulatory hurdles. They together are going to evaluate the price discovery and valuation, restructure the shareholding pattern and appoint the book-runners. Vodafone Group started their company as a telecom venture for USD […]
TRAI (Telecom Regulator Authority of India) has fixed the entry fee of pan-India mobile permit at Rs.20 crore. Companies can apply for the permit at both state and district level and will obtain them by taking part in an auction and buying the radio frequencies. The entry fee for state level permit is from Rs.50 […]
