Piramal Healthcare has entered telecom business with 5.5% stake acquisition in Vodafone (for $640mn).
The deal values Vodafone Essar at about $11.6 billion, lower than the $16 billion the company fetched when UK-based Vodafone Plc agreed to purchase Essar Group’s holding earlier this year. The deal took Vodafone’s ownership in the Indian company to 75.35%. [source]
Telecom Growth Story: GSM Connections On Decline
The dip in the number of new lines is noteworthy – India added only 8.58 million GSM users in June as per the latest data released by the industry lobby Cellular Operators Association of India, the lowest in 31 months. In May, GSM service providers added 10.76 million, again the lowest since October 2009. [source]
Karnataka to unveil new policy for gaming, animation
The Association of Bangalore Animation Industry is working on the policy, which will be announced at the 14th edition of Bangalore IT.biz 2011, the annual information, communication and technology of Karnataka to be held between October 18 and 20.
Telecom policy to allow pooling of spectrum
Telecom operators – new as well as established ones – will benefit as a draft of the national telecom policy for 2011 proposes trading, pooling and sharing of spectrum. The policy is also pushing for a one-country-one-licence regime, which means removal of roaming charges.[source]