Telecom equipment maker Huawei and internet social networking firm ibibo have entered in a tie-up for mobile phone applications, including one that will enable user to make free calls and SMS to their contacts.
“Users of this service will have to register at Ibibo and install an application from their website on their Huawei smartphones. They will have to add people in their list who they wish to contact. Once its done they’ll be able to enjoy free calls among themselves”.
Catamaran may exit SKS Microfinance
Catamaran had invested Rs 28.1 crore in SKS Microfinance on January 16, 2010, for 937,770 shares. This represents a 1.3% ownership of the company on a fully-diluted basis. A final decision on the matter (to exit) is likely to be taken shortly [source].
Samsung invests $70 m to expand Noida cellphone facility
“India is one of the top 3 mobile phone markets for Samsung in the world and we stand committed to this market and our Indian consumers. Given the strong potential of this market, we are working on consistently strengthening our presence in the country through an innovative portfolio as well as enhanced manufacturing and R&D operations.”[source]
3G roaming pacts under DoT scanner
The Department of Telecom has asked Mahanagar Telephone Nigam Ltd to put on hold its plans to do a roaming deal with private players for 3G mobile services.
The DoT wants the PSU to wait till the Government decides on whether such deals are permitted under licence conditions. Roaming agreements signed by private operators, including Airtel, Vodafone and Idea, are also under scanner [source].
Genpact buys US-based EmPower Research
Offshore BPO major Genpact has announced the acquisition of EmPower Research. This is a US-headquartered media and business research company with capabilities in social media research, media monitoring and measurement [source].