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Mansi Taneja: Vavasi ? who ? what?
Till last fortnight, that was the universal reaction to this business group that is trying to stitch up what could be this year’s most ambitious business deal involving telecom companies in India, now that the Bharti-MTN deal has collapsed. Over the last fortnight, however, the broadly-built Farid Arifuddin who heads the 10-year old group, has made up for lost time. He’s met Sunil Mittal to see if he could get him to drown his MTN woes by buying into the $6.9 billion Zain Telecom (it has 41 million customers, operates in 24 countries across west Asia and Africa and has a market cap of $19.5 billion). While Mittal says he’s not interested in courting anyone on the rebound, Arifuddin has met Communications Minister A Raja and also various officials in BSNL and MTNL to work on alternate investors for his special purpose vehicle (SPV) which will pick up a 46 per cent stake in Zain.

Two-wheelers, utility segment to prop sales in Q1
Automobile manufacturers are expected to post sequential growth in sales, operating margins and profit in the first quarter of 2009-10, driven by Hero Honda, Maruti Suzuki and Mahindra & Mahindra. But Ashok Leyland and Tata Motors are expected to show poor results in the commercial vehicle segment due to lack of demand. TVS Motors should also be showing a decline in sales on lower motorcycles’ volumes.

News of the day

Nikon to go 'aggressive' on brand visibility
Digital imaging equipment maker Nikon plans to go "aggressive" with its marketing campaigns as it looks to take on rivals like Canon and Sony for brand visibility and gain better growth momentum in the country.
Corporate

Tata Tele top grosser of mobile users in Oct

Cellular service provider Tata Teleservices today said it has become the top grosser of subscribers for the third consecutive month, with over 3.8 million new mobile users in October. - Tata Tele recasts short-term debt into long-term debt - PowerGrid gives telecom network to BSNL on rent - RCom launches mVDO for mobile users - SC notice to Trai, RCom, Tata Tele, Vodafone others - Tata Tele partners Corp Bank, PayMate for m-Commerce - Tata Tele to raise $250 mn to fund expansion Tata Teleservices (TTSL), which is credited for starting per second billing for subscribers, has added 3.8 million users in October from its CDMA (Tata Indicom) and GSM operations (TATA DOCOMO) put together. With the latest addition, it has crossed the 50-million subscriber milestone in October. In September 2009, TTSL added 4 million subscribers while in August TTSL led the market by adding over 3.4 million new users. "October is the third consecutive month that we have achieved the highest number of net subscriber additions.This has far exceeded our expectations," TTSL Managing Director Anil Sardana said. After the announcement of per-second billing scheme by Tata, many companies such as Airtel, Vodafone, MTS, Idea had started such schemes for their users. However, Sardan said "None of them have picked up the pay per use paradigm in its entirety, which is a pity because the Indian telecom subscriber is being deprived of full value for his or her money.


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