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IMI Mobile Raises $13 Million In Funding From Sequoia Capital
The funding is surely coming easy for mobile VAS providers, it seems as One97 just few days ago announced their plans to go public and now IMI mobile, another VAS provider announced their funding updates. IMI mobile has raised funds to the tune of $13 million from Sequoia Capital and existing investors First Mark Capital.
IMI mobile [...]
MTN Ties Up With IMIMobile For Content – Win Win Deal?
MTN the african telecom giant which has been in the news lately for dropping the deal with Bharti on the merger between the two companies has now tied up with India based IMIMobile to address the growing demand for content in emerging markets.
MTN has access to 21 telecom markets and this tie up will provide them globally [...]
Bharti-MTN Merger-beneficial in the long run
It was not so long ago when Bharti Airtel announced the acquisition of 100 millionth Subscriber in India. Now it has stunned everyone by announcing revival of merger talks with MTN Group,South African Telecom major.
The talks is however in preliminary stage but it seems that this time market is assured of a final outcome. This [...]
TATA in Pact to Buy Majority Stake in South Africa’s Neotel
With the Reliance Communications – MTN deal struggling to take shape, Tata Comm. (formerly VSNL) is all set to get a majority stake in another South African telecom service provider Neotel.
Neotel (Pty) Ltd., previously SNO Telecommunications, is the much anticipated second national operator (SNO) for fixed line telecommunication services in South Africa.
Tata Communications has [...]
And the Reliance – MTN Saga continues…
In a dramatic twist in the tale of Reliance Communications-MTN merger story [will give even the Saas-Bahu soap operas a run for their monies], Reliance Industries wrote to the MTN board pointing out that it has the right of first refusal over a sale of controlling stake in Reliance Communications.
Bharti – MTN Deal Off (My Take on Disclosures)
We briefly wrote about the Bharti – MTN Deal and were off the opinion that it would not go through primarily because Bharti would be Marrying Up. MTN has higher revenues, a wider reach, it too, is in markets that are likely to grow (admittedly not as fast as the Indian Market).
The 2 firms had discussed merger [...]
Updates on Bharti – MTN Deal; Bharti Now Eyes Merger Option
Bharti Airtel yesterday said that it is holding discussions with South African telecom company MTN Group that are aimed at “combining the strengths of the two leading emerging markets players and, accordingly, is veering towards possible structures to achieve this objective”, Business Standard reports.
The company also made it clear in a statement today that this may [...]
Bharti, 15 Other Firms to Lay Cable to UK
Bharti has joined a global consortium to build a $700-million undersea cable system (it’s sixth) that will cut through 13 countries and link India to Britain as reported by AP.
The cable will carry commercial traffic by the second quarter of 2010.
Mr David Nishball, President, Enterprise Services, Bharti Airtel Ltd, was quoted as saying “There is [...]