The MobileStore (TMS), telecom retail arm of the Essar Group, is close to launching its own labelled "RAY" mobile phones to garner a share of the handset market, which is clocking double-digit growth despite slowdown. While TMS is a venture of the Ruias, the branding will be independent of the Essar Group. "Before End of this month, we will launch phones with our Own label "RAY Mobile". We hope to... Read More
The Essar group-owned The Mobile Store (TMS), is in talks to buy international calling card company Matrix Cellular Services (MCS), as it looks to spread its wings into a new and fast-growing business area to boost revenues . The acquisition of Matrix,which provides country specific mobile SIM and data cards to international travellers and is a market leader in the calling card space, could enable the Mumbai-based Ruia gruop (Essar)... Read More
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