2018 proved to be a robust year for mergers and acquisitions for Indian corporations. Powered by the Insolvency and Bankruptcy Code and an extremely competitive atmosphere in the mobile and e-commerce space, dealmaking crossed $100 billion for the first time ever. As the government pushed for resolutions, there was a...
Broadband Market Subscribers Increase in India
The Telecom Regulatory Authority of India (TRAI) released the latest market share chart for broadband for both fixed and wireless segments. The number of broadband subscribers increased to almost 3 percent from 420 million in April 2018 to 432 million in May 2018. India has 17.94 million (–0.16 percent) wired...
India's Bharti Infratel, Indus Towers to Merge
Kohlberg Kravis & Roberts and Canada Pension Plan Investment Board-backed mobile infrastructure company Bharti Infratel will merge its operations with Indus Towers to form a new $15 million entity. Currently, Indus Towers is jointly owned by Bharti Infratel (42%), Vodafone (42%), the Idea group (11.15%) and Providence (4.85%). This merger...
India Telecom M&As Exceeded $14 billion in 2017
In 2017, India's telecom sector recorded $14.7 billion worth M&A deals -- a more than 5-fold increase in value terms from the previous year. Wireless tariff wars, the entry of Reliance Jio, heavy investment in spectrum and network infrastructure, among others, acted as triggers for the M&A deals. Main deals...
India Improves Investor Appeal
You may want to take a fresh look at business opportunities and investments in India, if a new World Bank report is to be believed. In November 2001, Goldman Sachs published a landmark paper where they identified India, along with Brazil, China, and Russia as the four “BRIC” economies that...
Twitter Goes Lite in India
San Francisco-based Twitter launched a lighter version of its platform -- Twitter Lite -- in India. The browser-based product which uses 70 percent less data and loads 30 percent faster than the app, will also be available in Indonesia and Philippines soon. "India is a critical market for us....