Mobile Subscriber Base Down as Dual / Multi SIM Era Ending
India’s Top 3 Wireless Carriers Airtel, Vodafone and Idea Cellular have seen a consistent decline in their subscriber net additions. This consistency clearly suggests that there have been some coordinated efforts to address the multi SIM phenomenon. Earlier, operators were giving higher commissions to the retailers which in turn were…
Reliance Comm’s unit ties up with Vanco
FLAG Telecom, a unit of India’s Reliance Communications, had signed a deal with UK-based Vanco Plc that will help the Indian firm expand its virtual private network services and add enterprise customers. The five-year agreement will add 81 countries to FLAG’s VPN network, taking the number to more than 100….
Idea Cellular Valuation climbs to $2.5 Billion
Aditya Birla group company, Idea Cellular Ltd today sold, 16% of its stake at $400 Million to Providence. This deal values Idea Cellular Limited at $2.5 Billion. Earlier this year in April, Tata’s exited Idea Cellular when the company was valued at $2.0 Billion. In July, Idea Celular announced that…