• Softbank_snapdeal
    SoftBank Says Will Invest $627 Million in Snapdeal

    Japanese telecom and media group SoftBank Corp has agreed to buy a $627 million stake in online retailer Snapdeal, seeking to tap into India’s growing e-commerce market. SoftBank said it will become New Delhi-based Snapdeal’s biggest investor, but officials at the Japanese company declined to say immediately how big the stake in India’s third-biggest online…

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  • Australia’s Megaport Eyes Global Expansion

    Australian data connectivity provider Megaport has appointed a new leadership team and arranged to de-merge its fiber assets as it prepares to ramp up its global expansion drive. The company, which runs the network and cloud interconnect service Megaport Platform, announced plans to expand into new markets throughout Asia, Europe and North America over the…

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  • AL LU Rapport to get into China Mobile
    Alcatel-Lucent to Show Off Private LTE Network

    Alcatel-Lucent will next month conduct a live demonstration of LTE-based transmission over a private network suitable for defense and security agencies. The company has teamed up with Crystal System Consulting to conduct the demonstration, which will take place on the opening day of the Course du Rhum ocean race. The experiment will involve setting up…

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  • New Call Telecom_ Nimbuzz
    New Call Telecom Acquires 70% Stake in Nimbuzz for $ 175 Million

    New Call Telecom, a UK-based Internet service provider, has acquired a 70% stake in India-headquartered Nimbuzz for about $175 million, valuing the instant messaging, voiceover-internet call and mobile ad services provider at more than eight times its expected revenue for this fiscal year, underlining the huge interest in the segment. “We see huge potential for…

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  • Bharti Infratel Limited
    Bharti Infratel September Quarter Net Profit up 68% to Rs 465 Crore

    Tower firm Bharti Infratel today reported a 68 per cent jump in consolidated net profit at Rs 465 crore for the quarter ended September 30, 2014 on the back of increased number of tenants on towers. The company had reported a net profit of Rs 277 crore in the corresponding period last financial year. Revenue…

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  • 4G
    Norway’s Telenor Skips 3G, Bets on ‘Disruptive’ 4G Technology

    Norway’s Telenor is working on technology that will allow it to offer highspeed 4G mobile broadband services with less spectrum than currently needed, skipping 3G altogether in India a move that some say may disrupt the plans of bigger rivals. “We are not there yet, but in the future we believe that this might be…

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