India’s 3G and 4G subscribers have tripled to 120 million in 24 months but as affordability increases, the market will expand to 300 million by March 2018, a recent report by independent brokerage and investment group CLSA said here. “As affordability for 3G and 4G data increases, fuelling data usage and spends, the addressable market […]

Bharti Airtel has acquired Aircel’s 4G spectrum in eight circles for Rs. 3,500 crore in a deal that will enable the telecom operator to offer 4G services in all 22 circles of the country. The deal comes ahead of the mega launch of telecom services by Mukesh Ambani’s Reliance Jio, which until now was the […]

American Tower Corp has committed to invest USD 2 billion in India, in addition to the Rs 58.57 billion (USD 879 million) it will spend to acquire a controlling stake in Viom Networks.   India’s Cabinet on 6 April 2016 cleared American Tower’s proposal to buy a 51 percent stake in Indian mobile mast operator […]

Lava International, with a turnover of Rs. 7,000 crore in 2014-15, has lined up investments of Rs. 2,615 crore in three phases to take the production capacity to 1.8 crore phones a month from the present 20 lakh. As part of the expansion, it will set up a manufacturing facility at Tirupati in Andhra Pradesh, […]

Vodafone has committed investments totalling Rs. 6,000 crore for capacity augmentation and new business initiatives in Maharashtra. The investment was committed by Sunil Sood, Vodafone India’s MD and CEO, at the Make in India summit. Vodafone will use the funds to upgrade its technology centre in Pune to develop products in engineering and IT. The […]

The number of mobile users in India is projected to grow at a CAGR of 4.4 percent to 990.2 million, covering about 71 percent of the country’s population, by 2020 from 798.4 million last year, according to a report by networking giant Cisco. Also, mobile data traffic generated is forecast to grow 12-fold to reach […]

Telecom services company Manana Innovations plans to invest Rs 500 crore to build its mobile services business in India and abroad over the next five years. “We are looking at international roaming business. In India, this market is estimated to be around Rs 18,000 crore. We are looking to capture five per cent of it […]