Monday, March 14, 2011

Y! Alert: Telecom-Funda

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The latest from Telecom-Funda

Mobile prices to fall below $100 by 2015: Study Top
Increased competition among manufacturers and their focus on lower-middle income countries will lead to a decline in prices of approximately 70 per cent (4.8 billion) of active mobile phones across the globe below $100 by 2015, according to a recent. "With the increasing number of subscribers coming from 'lower-middle income (LMI)' developing economies, the average size of the consumer wallet is expected to shrink. Source
 
Ascend, India Telecom to merge tower business Top
Ascend Telecom Infrastructure (Ascend) and India Telecom Infra (ITIL) have agreed to merge their telecom tower businesses. Ascend is currently owned by New Silk Route which made its initial investment in the company in July 2007. New Silk Route is a leading Asia-focussed private equity and growth capital firm with $1.4 billion under management. Source
 
Reliance Communications Signs Final Papers For $1.93 Billion Loan Top
Reliance Communications Ltd. said Wednesday it has signed final papers for a loan of $1.93 billion from Chinese banks and financial institutions. The loan will be used to refinance debt taken previously to pay bandwidth fees and to buy equipment, India's second-largest mobile phone operator by users said in a statement. The loan matures in 10 years and will help save interest costs, it said. Source
 
Wireless broadband is the next big thing Top
Bharti Enterprises chairman Sunil Mittal said that "mobile broadband" based on 3G technology was the next big thing for his company. This technology provides high-speed wireless Internet and data network access over a wide area. Bharti's competitors like BSNL and Reliance had already launched this and the company too has recently unleashed 3G services in the country. Source
 
India revives BSNL, MTNL merger plan Top
Telecoms department calls for state-owned companies to combine their strengths. India's Department of Telecommunications has revived a proposal for the merger of state-run telecom companies Bharat Sanchar Nigam Ltd. and Mahanagar Telephone Nigam Ltd., the Business Standard newspaper reported Wednesday, citing a note from the department. In its draft strategic plan the department, while showing concern over the deteriorating performance of BSNL and MTNL, said the companies should be merged as they have complimentary operations and can combine their strengths, the newspaper said. Source
 
Bharti Airtel gets maximum customer complaints Top
Telecom giant Bharti Airtel is on top when it comes to receiving customer complaints regarding billing and service related issues with 3,571 complaints filed in the last three years, the Lok Sabha was informed. "TRAI (Telecom Regulatory Authority of India) has been receiving complaints against telecom service providers, alleging various problems which include billing, metering and tariff related issues and activation of chargeable value added services without explicit consent of the customer," Minister of State for Communications Sachin Pilot said in a written reply to the Lok Sabha. Source
 

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