• FOXCONN plans USD 5 Billion investment into Maharashtra, India over 5 years

    #Foxconn, global heavy weight in contract manufacturing, with customers such as #Apple, #Samsung, announced today in Maharashtra, India that it would commit USD 5 Billion investment over the next 5 years. http://telecom.economictimes.indiatimes.com/news/devices/foxconn-plans-5-billion-investment-over-5-years-in-maharashtra-facility/48402209 This is a significant win for Maharashtra state, which houses Mumbai, the financial capital of India and could dramatically boost mobile phone production…

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    Could RCOM reduce Corporate debt by about USD 3Bil with stake sale in Tower Business?

    #RCOM could slash its corporate debt significantly by giving up half ownership in its tower business, likely to raise about USD 3Billion (or INR 17k crores) . http://telecom.economictimes.indiatimes.com/news/infrastructure/towers/six-bidders-for-majority-stake-in-anil-ambanis-reliance-infratel/48390454 This is coming at a time when Indian operators are scrambling for lack of adequate towers and would be glad to add more towers to their networks….

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