News Roundup: MNP to invest $10mn, Nokia:Nimbuzz, Tata Nano Home..and More

Today’s hot news:

MNP to invest $10 mn

MNP Interconnection Telecom Solutions India, a joint venture company of Telcordia Technologies, Inc will invest up to $10 million to build infrastructure for implementation of number portability services in India.

DQ Entertainment, French co tie up
DQ Entertainment, a gaming and animation content developer, has signed an agreement with the French entertainment company Moonscoop to develop and produce Jungle Book. The €9.2-million project would be based on the popular work of Rudyard Kipling.

‘Essar does not hold more than 10% in Loop’
The Essar Group Chairman, Mr Shashi Ruia, on Tuesday said the group does not hold more than 10 per cent stake in Loop Telecom.
According to licensing rules, the same company cannot own more than 10% in two different telecom firms. The Essar Group, through companies registered in India and Mauritius, also owns 33% in Vodafone Essar, India’s third largest private telecom company. (earlier news story here)

MapmyIndia maps claims to cover 90% of India
The new maps release covers 90% of India’s population through 401 cities, 837695 kms of roads, 411625 town and villages and around 10 lakh points-of-interest

After the car, Tatas to roll out nano homes
Tatas to roll out nano homes.
Tata Housing, a subsidiary of Tata Sons, to offer 1,200 ‘value homes’ in the Rs 3.9 lakh to Rs 6.7 lakh range near Mumbai.

Nokia 5800 XpressMusic Adds Nimbuzz (supports Fring too)
Watch this demo. Download the application

Tata Sons sells 1% in TCS to repay JLR loan
Tata Sons has sold around 1% of its stake in TCS, the group’s biggest company by market cap, to help refinance a $2-billion bridge loan taken by Tata Motors.

ATC plans to roll out 5,000 towers

American Tower Corporation (ATC) is planning to expand its tower infrastructure in India to 5,000 towers over the next couple of years.

Images Group launches Indian edition of Livingetc magazine from IPC Media
The Images Group has launched the Indian edition of international homes magazine, ‘Livingetc’, via a licensing arrangement with IPC Media, a Time Warner company

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