Reliance Communications Ltd. is in advanced talks with American Tower Corp. to sell a strategic stake of up to 21 pct in its telecoms towers unit.Reliance Communications is looking at a valuation of at least Rs 350 billion ($8.7 billion) for the business, the source said. On July 19, the company said it had sold […]
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Telecom major Bharti Airtel is understood to have received the Letter of Intent (LOI) from the Ministry of Information and Broadcasting for making its foray into Direct-to-Home (DTH) services in the country. The company, which expects to start DTH operations by March 2008, had applied for the license in April this year. According to sources,
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Bharti Airtel, India’s largest mobile operator, has inked pacts with four global IT majors — Alcatel-Lucent owned Mobilitec, Germany-based CoreMedia, US-based Adamind and UK’s Apertio for its service delivery platform (SDP) which it is currently building in collaboration with IBM. Bharti is investing over $100 million for this delivery platform, which is expected to be
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