Tejas is acquiring 100% of Saankhya Labs (SL), a Bengaluru headquartered Company focused on developing telecom products and equipment. Key points to note – Acquisition is in two stages 1st stage – 64.40% for Rs 283.94 crore cash to be completed in 90 days 2nd stage – Balance 35.60% after 1st stage through merger or … Read more
Apple Inc on Tuesday announced a range of new products at its first event of 2022, including a low-cost iPhone SE with 5G network and M1-chip powered iPad Air. The American technology giant also introduced the M1 Ultra, a new addition in the M1 chip line-up. It is a high-performance chip, which will power its … Read more
Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry’s revenue growth in FY23. The sector has been saddled with debt due to complications such as the ‘Adjusted Gross Revenue’ (AGR) case verdict, which brought in a huge immediate liability on the books of telecom operators. “While the pandemic … Read more
Vodafone Idea (Vi) has announced the following – The promoters – Vodafone and Aditya Birla Group are together infusing Rs 4,500 crore into the Company. Shares will be issued at Rs 13.30/ share. Market price before announcement was Rs 11.10/ share. Vodafone Group and the Birlas currently hold 44.3 per cent and 27.7 per cent … Read more
The Department of Telecommunications (DoT) has written to sectoral regulator TRAI to expedite submitting its recommendations on spectrum auctions. This follows a request from the Prime Minister’s Office to work towards the initial launch of 5G by August 15. “In reference to decision/action points emanating from deliberations of a monitoring group, the PMO has requested … Read more
British telecom giant Vodafone is in discussions to sell around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources. When contacted, Vodafone refused to comment on the matter. Vodafone currently holds about 28 per cent in Indus Towers. The industry sources said that Vodafone is in talks to sell its … Read more
Now a days nothing escapes Reliance’s attention. Gone are the days when it used to be extremely averse to do tie-ups/ JV’s. With next generation getting a bigger say and future becoming more and more unpredictable, Reliance seems to have decided – ‘we can not play a wait and watch’ and more importantly ‘we can … Read more
Jio is investing $200 mn into Glance. Key points to note – Glance, founded in 2019 is a subsidiary of inmobi. Glance has two platforms: Roposo – creator led live entertainment commerce Glance – live entertainment, commerce and gaming on mobile lock screen For it’s investment, Jio willl get about 17% stake in Glance, implying … Read more
The Company is buying 25% into Lavelle Networks Private Limited (LNPL). Key points to note – Investment amount is not disclosed. LNPL’s scale and financials are not disclosed. Reason for not disclosing – confidentiality. Rationale for investment: LNPL founded in 2015 is claimed to be a front runner in Software Defined Wide Area Networks (SD … Read more