Mumbai, Dec 30: The Reliance Anil Dhirubhai Ambani Group announced its much-awaited GSM mobile telephone services spread over 11,000 towns and 340,000 villages with a capital infusion of Rs 10,000 crore (Rs 100 billion/USD 2 billion). Chairman Anil Ambani, who launched the services from the Reliance Centre here, said the rollout happened six months ahead [...]
BANGALORE, INDIA: Giving a new dimension to the mobile phone war in Karnataka, Idea Cellular Limited announced today the launch of its cellular service in the state. As path of its growth strategy, the the cellular phone company, which is part of the Aditya Birla Group, had recently acquired Spice Communications Limited, paving way for [...]
It took a little longer than we’d heard due to some last-minute complications, but Panasonic’s deal to buy almost all of Sanyo has finally been approved by Sanyo’s major shareholders. Under the deal, Panny will buy out some 70 percent of Sanyo for ¥131 ($1.50) a share, making the total deal worth some ¥560B ($6.41B). [...]
