Bharti Airtel and MTN have still not managed to get their merger act together and don’t expect to do so any time soon. They have 10 days to go for the August 31 deadline for exclusive talks to end. But Bharti Airtel today announced an extension of talks till September 30. It is unlikely that the two sides are not able to agree on the price, by now they would have called off the talks if price was a sore point
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Bharti Airtel’s performance dented by rising costs and capex
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Bharti Airtel’s results tell a different story, based on whether you compare it with the previous quarter or June 2008. Its performance seems to have improved compared to March but has deteriorated when compared to a year ago. It does appear that Bharti’s operating performance in 2009-10 will be lower, compared to the previous year.
Filed under: Companies, Telecom, Top News, Bharti Airtel, June 2009, mobile telephony, Results
OnMobile and Telefonica join hands for value added services in Latin America
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Indian mobile value added services provider OnMobile Global secured a key win by entering the Latin American market. The company has signed a long term agreement with Spanish telecom company Telefonica Internacional to provide value added services in the region. The company recently tied up with Vodafone to provide value added services to its global telecom customers, initially in emerging markets. Continue Reading →
Filed under: Companies, Telecom, Top News, mobile telephony, OnMobile, value added services
Bharti Airtel outsources Value Added Services to Comviva
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Bharti Airtel has contracted Comviva, a managed services company, to manage its value added services portfolio. Bharti has been the leader in outsourcing crucial functions, changing the way the telecom industry in India operated. Here it seems to have taken a big leap of faith, outsourcing the crucial function of providing value added services. Continue Reading →
Filed under: Companies, Telecom, Top News, Airtel, Atul Bindal, Bharti, Bharti Telesoft, Comviva
Tata Communications’ 2008-09 results hit by higher interest outgo
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Tata Communications’ performance during 2008-09 was a mixed bag. Its sales increased smartly, by 20.1%, driven by an expansion in the volume of traffic it handled during the year. Its profit declined by 2.4% due to a sharp jump in interest costs.