News Roundup: iPhone 4S Launching In India on Nov 25th

Both Airtel and Aircel have announced the plans to launch iPhone 4S in India. Aircel has in fact shared on its Facebook page that they will launch the device on November 25th.

While the two operators haven’t yet announced the price of iPhone 4S in India, be assured that it will be tied with a complex data+voice plans.

Important to note that the unofficial iPhone 4S Price in India starts from INR 42,000.

Also see: Will Galaxy Nexus Hit The Indian Shores The Day It Launches Globally?

TRAI dials up international regulators for lowering roaming tariffs

The Telecom Regulatory Authority of India has opened channels with its counterparts in other countries, including the UK, to address the issue of high tariffs for international roaming services. TRAI has suggested that regulators should ask local operators in their countries to enable bilateral roaming agreements aimed at bringing down the tariffs.[source]

Rs 50 cr penalty on Airtel, Tatas for ILD licence violation

The Telecom Ministry is understood to have imposed a penalty of Rs 50 crore each on Bharti Airtel and Tata Communications for providing international private lease circuits to foreign company SingTel in violation of ILD licence terms and conditions.[source]

WestBridge launches India evergreen fund

Investment firm WestBridge Capital has raised India’s first so-called evergreen fund from global investors, or limited partners (LPs). Unlike traditional funds, the $500 million (around Rs. 2,500 crore) corpus that WestBridge has raised will not have an investment cycle. Instead, returns generated on investments will automatically be ploughed back into the investment pool, creating a perpetual flow of capital for investments. In other words, this evergreen fund will do away with the need of raising subsequent funds for investments.[source]

Videocon looking to sell stake in unit for $75-$100 mn

Videocon Industries is looking to sell a 25% stake in its direct-to-home broadcast services business for roughly $75 million to $100 million and is in talks with private equity firms. Potential investors in the unit, branded D2H, include ICICI Venture, the private equity arm of ICICI Bank, sources said. Videocon has hired UBS to find an investor [source]

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals