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Reliance Infratel IPO to Help RCOM Raise Funds
RCOM’s 95% subsidiary, RITL plans to raise money by diluting ~10% (postissue) equity. A successful IPO would help RCOM de-leverage its consolidated balance sheet, and may result in some valuation rerating. This is a significant development post valuation of Aircel’s Tower Business taken over by GTL Infra at Rs 8,000…
3G WCDMA + HSPA – Initial Plan by Operators
In the recently held Road Ahead for Indian Telecom conference, operators are quite optimistic about the future of Growth in India. Here is what they have set their initial rollout plans on 3G WCDMA and HSPA. As the Drama over 3G continues far better than any Hindi serial, cut back…
Mobile EVDO Internet Service Gaining Traction
Mobile broadband over EVDO / CDMA 1.x platform is gaining lot of traction for wireless broadband services, according to industry experts. BSNL EVDO broadband was the first one to launch service followed by Reliance NetConnect+ and Tata Photon+. The last entrant in this space is MTS’ MBlaze broadband. They operate…
Trend reversal in Wireless MoU
We forecast wireless revenues for GSM incumbents (Bharti/Idea) to grow 1-3%qoq aided by strong traffic growth though rev/min decline will be sharp at 3-4p. The encouraging traffic trend is also likely to limit EBITDA margin pressures which mean overall EBITDA to remain flat. Slight appreciation in Rupee will support performance…
Innovative Plans Lead to Surge in Mobile Connections
India registered the highest-ever net adds of 17.6mn subs in November 2009, up 6% month over month (MoM) and 71% year over year (YoY). We attribute this surge against average net adds of 14mn YTD to all operators launching innovative plans, especially the pay per second plan started by Tata…
Sistema Shyam (MTS) Strategy for India
Sistema Shyam (MTS) is one of the new operators at the forefront of the ongoing Telecom Tariff war. Recently the management interacted with the analysts and he is what they have to say about their strategy in India. On the State of the Wireless Business in India, Management said, Sistema…
Bandwidth – Backhaul + Submarine Cable Link – Do we have enough ?
With increasing broadband penetration and more enterprises [SMEs] being wired towards unified communications regime, Does India have enough backhaul to cater for data growth ? Yes, there are large trunk routes owned by BSNL, Bharti, Reliance, PowerGrid, RailTel, Tata, etc and the companies are constantly building more. Between the key…
Chinese Vs European Equipment – Government Dilemma
There is political pressure against Chinese network equipment vendors which culminated this week in news of BSNL canceling an order to Huawei. Huawei had at first won a contract from BSNL last year for the Northern region totalling nine million GSM lines. Afterwards, they had won a second contract for…