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Ria Lakshman May 14th, 2015 1:31 PM 0 COMMENTS

Nokia to surge its localization in India to 45 percent in next three years

Finland-telecom giant Nokia plans to increase their localization in India from 20 percent to 40-45 percent in next three years, announced the company at an event that marked to celebrate the completion of 20 lakh production milestone of the Nokia Network, its Chennai factory. The company is also in discussion with their global vendors to set up facilities in the country. “The facilities would help the company in improving the... Read More

Ria Lakshman May 13th, 2015 8:56 PM 4 COMMENTS

Telenor plans to buy majority stake in Videocon Telecom : Reports

Telenor, Uninor’s Norway head plans to buy the mobile services business of Videocon group, the discussion of which has reached its final stage. Venugopal Dhoot-owned Videocon telecom has a liability of more than Rs. 500 crore with the Government. This factor remains a hurdle for the companies to close the deal. Telenor cannot accept the existing liability of Videocon telecom as it already bears a liability to Indian Government via... Read More

Ria Lakshman May 13th, 2015 7:58 PM 0 COMMENTS

Global: Verizon acquires AOL for $4.4 billion to bolster its mobile video and advertising plans

Verizon Communications Inc., agreed to buy AOL Inc., a leader in digital content and advertising platforms space for $50 per share – estimated at a total value of $4.4 billion, aimed at advancing telecom giant’s ambitions in mobile video and advertising. The acquisition will provide Verizon access to advanced technology AOL has developed for selling ads and delivering high-quality web video. “Verizon’s vision is to provide customers with a premium... Read More

Ria Lakshman May 13th, 2015 7:53 PM 1 COMMENTS

New Call Telecom to invest $100 million in India, plans for four acquisitions

New Call Telecom, which recently acquired social messaging powerhouse Nimbuzz plans to invest $100 million in India, over a period of 18 months in order to procure four mid-level telecom companies. The sixth largest residential internet service provider in UK thus intends to lay its footsteps into fixed line connectivity, Wi-Fi and messaging domains in India, reveals its Chief Executive Officer Nigel Eastwood. Eastwood had’t revealed the names of the... Read More

Ria Lakshman May 13th, 2015 6:32 PM 1 COMMENTS

The date of public consultation on mobile internet service rules extends to May 26

The last date for commenting on the draft rules for mobile internet services has been extended to 26th May, said TRAI in a statement released. The regulator framed the rules for mobile internet services, after it received complaints from various stakeholders on anomalies in charging data services. "On request of the stakeholders, the last date for receipt of written comments (on draft Telecom Consumer Protection (Eighth Amendment) Regulations, 2015) has... Read More

SuperGeek May 13th, 2015 3:35 PM 0 COMMENTS

Xolo Prime hits the launchpad with Android 5.0 Lollipop for Rs 5,699

Xolo Mobiles has just launched a new budget smartphone in India, named the Xolo Prime for Rs 5,699. The smartphone brings Android 5.0 Lollipop on a budget. Xolo is launching it as a device with a premium build quality because it comes with glass back finish. The smartphone comes with a 4.5-inch FWVGA display and houses a 1.3GHz quad-core processor coupled with 1GB of RAM. There's a 5-megapixel camera at... Read More

Ria Lakshman May 13th, 2015 3:22 PM 1 COMMENTS

DoT diverted Rs. 33,682 crore from USO fund meant to provide telecom services in rural India

Comptroller and Auditor General of India (CAG) has revealed that the Department of Telecommunications (DoT) has diverted Rs. 33,682 crore from Universal Service Obligation (USO) fund for other purposes during the tenure of 2002-2003 to 2013-2014. The data was released in CAG’s report on Accounts of Union Finances. USO fund intends to provide telecom services the backward and rural India. It is raised through a Universal Access Levy (UAL), which... Read More

Ria Lakshman May 13th, 2015 1:32 PM 16 COMMENTS

Reliance Jio raised a loan of Rs. 4800 crore to roll out 4G

Mukesh-Ambani owned Reliance Jio Infocomm, has raised a loan of $750 million, approximately Rs. 4800 crore to fund the goods and services from Samsung Electronics and Ace Technologies Corp, required to roll out the infrastructure necessary for RJIL. The loan is backed by Korean Trade Insurance Corp, popularly called as K-Sure. The loan is K-Sure’s largest deal in India and it comes with a tenure of 12 years, inclusive of... Read More

Ria Lakshman May 13th, 2015 1:26 PM 3 COMMENTS

National Telecom M2M Roadmap released, focuses to put infrastructure in place

Ravi Shankar Prasad, Minister of Communication and Information Technology released ‘National Telecom M2M Roadmap’ in a conference on Smart Infrastructure Supporting Policies and Regulations for M2M Communications' on Tuesday. The document unleashes the potential of M2M and facilitates as a single reference document for all M2M stakeholders in the country. “India, being on the path of digital empowerment, requires a connected venture to establish M2M communications between the stakeholders,” said... Read More

Rudradeep Biswas May 13th, 2015 11:58 AM 3 COMMENTS

Videocon Telecom plans to invest Rs 210 Cr in Gujarat in FY 2015-16 on Network expansion

Videocon Telecom, plans to invest over Rs 210 Crore in Gujarat Telecom circle in the current financial year. The telco’s investment will be on its GSM services Network expansion, where the telco plans to deploy over 450 new cell sites, of these 330 sites will be for geographical coverage expansion across 142 new towns, and another 120 sites for capacity enhancement to accommodate more users. The telco will be also investing... Read More

SuperGeek May 13th, 2015 2:57 AM 2 COMMENTS

Microsoft Lumia 540 to launch tomorrow in India

India is one of the most strategically important markets for Microsoft when it comes to smartphones. It is one of the few markets where the brand actually has a strong fan base and impressive sales in the budget segments. Microsoft is constantly launching budget Lumia handsets globally as well as in India to hold on to the market share it has and eventually improve upon it. After having recently launched... Read More

Ria Lakshman May 12th, 2015 4:03 PM 0 COMMENTS

Tata Telecommunications join hands with China Telecom Global to deliver media content

Tata Telecommunications has pronounced a partnership with China Telecom Global, a Chinese state-owned telecommunication company, in order to manage the media content for customers in China and globally. The tie-up will enable China Telecom Global to offer live sporting events in China through Tata Communications’ Global Video Network. A market benefit of $2.57 billion is quantified in this tie-up. In a move to support the global media distribution requirements, over-the-top... Read More