The complex Hutch Essar-Vodafone integration process is close to conclusion. The government on Thursday cleared the formal rechristening of Mumbai-based Hutchison Essar Ltd to Vodafone Essar Ltd (VEL). Vodafone Essar will be the umbrella holding company of all Vodafone entities in India. The registrar of companies in the ministry of company affairs has also cleared […]

Reliance Communications has sold 5% stake in its tower arm, Reliance Telecom Infrastructure (RTIL), to seven institutional investors for $337.5 million (Rs 1,400 crore). The company did not disclose the names of investors, who are believed to be largely PE players from the US, Europe and Asia. The stake sale translates into an equity valuation

State-owned MTNL and BSNL have sought full mobility licences for their CDMA-based mobile services. The PSUs have pointed out that their competitors in the private sector have migrated to Universal Access Service Licences (which allows them to offer any type of telecom services) while the government is yet to allow them to do so. The