Canadian institutional money is pouring into India. One of our earlier blogs talks about Toronto-based Brookfield acquiring the telecom towers of India's Reliance Communications. The Brookfield-Reliance Infratel transaction worth $1.6 billion is the second-biggest private equity transaction ever in the country. Last October, in one of India's largest deals in...
Canada's Brookfield Invests $1.6 Billion in India's Telecom Towers
Brookfield Infrastructure Partners, a private investment firm headquartered in Canada, will buy the telecom tower business of Reliance Communications Ltd (RCOM) for $1.6 billion in cash. This deal is the second biggest private equity deal ever in India. RCOM’s telecom towers are part of Reliance Infratel Ltd and these will...
4G Subscribers in India Close to 70 Million
Reliance Jio claims to have signed up 52 million 4G subscribers since its official launch in September, while Airtel added nearly three million 4G users in the second half of the year, taking its total to 7.4 million. Idea Cellular at number 3 is forecast to have 4.2 million 4G...
Reliance Group, Cisco Jasper to Provide IoT in India
Mumbai, India-based Reliance Communications' I0T business Unlimit and California-based Cisco Jasper have joined hands to provide enterprise customers a range of services on Cisco Jasper’s IoT connectivity management platform, reports Mobile World Live. Juergen Hase, CEO of Unlimit, said, 'This partnership makes it simple for companies of any size to...
India's Telecom Industry Consolidates
According to Mobile World Live, India’s fourth largest operator Reliance Communications (RCom) and smaller rival Aircel signed definitive documents to effect “the largest-ever consolidation in the Indian telecom sector”, creating the country’s third largest operator. Merger talks between the two companies have been ongoing for a year, and now RCom and Maxis...
In India, 7 Telecom Firms Will Participate in Spectrum Auction
Seven telecom firms have applied to India's Department of Telecommunications to participate in the upcoming spectrum auction beginning October 1, and they have made a total earnest money deposit of over $2.3 billion to acquire rights to use spectrum in a number of frequencies. According to the amount of earnest...