The Cabinet Committee on Economic Affairs (CCEA) on Monday approved Norwegian telecom major Telenor’s proposal to increase its stake in Unitech Wireless (Tamil Nadu) Ltd to 74 percent (from it’s current stake, i.e. 67.25%). The deal is subjected to the conditions recommended by FIPB (Foreign Investment Promotion Board) – details

Net transactions show 10% monthly growth

Banks are witnessing a sharp rise in online transactions as an increasing number of customers log on to the internet to pay their utility bills. Telephone bills, mainly mobile bills, are primarily driving the transactions, followed by insurance premiums and electricity bills.

Banks are witnessing a sharp rise in online transactions as an increasing number of customers log on to the internet to pay their utility bills. Telephone bills, mainly mobile bills, are primarily driving the transactions, followed by insurance premiums and electricity bills. – details

Tata-Quippo eyes PE funds for Aircel arm

Tata-Quippo, the telecom tower venture between the Tatas and Kolkata-based Kanorias of Srei group, is in advanced stages of negotiations with New York-based private equity fund Apollo Management to finance acquisition of cellular operator Aircel’s tower assets, if it wins the bid.- details

Airtel Launches Mobile Comics

Bharti Airtel today announced the launch of its comic portal, where subscribers can access comic strips from mobile phones.The company said the service would be available on its mobile entertainment portal, Airtel Live.

“Airtel comics portal provides subscribers with access via Wireless Application Protocol (WAP) to more than 300 Indian and international comic characters, including Akbar, Birbal, Popeye as well as comics supplied by Amar Chitra Katha – details

Vodafone ties up with Jayam Movies

Vodafone has entered into an exclusive tie-up with Telugu film production house Jayam Movies to host a talent hunt. Vodafone has entered into an exclusive tie-up with Telugu film production house Jayam Movies to host a talent hunt – details