- NEWS IN BRIEF; Peso closes at P52.23.
The peso closed at P52.23 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P52.115. RP hopeful on banana exports The Philippines is confident of ......
- Spice Comm to ring out louder, widen scope.
NEW DELHI: Spice Communications, a 51:49 JV between the BK Modi group and Telekom Malaysia (TM), plans to expand its operations beyond Punjab and Karnataka to six more states. It plans to invest about $100m during the current financial year ......
- STT-TM combine may rope in financial parter in JV.
Byline: Bodhisatva Ganguli and Rajeshwari Adappa Thakur MUMBAI: The Singapore Technologies Telemedia and Telekom Malaysia (STT-TM) combine - which is pitching to pick up a 47% stake in Idea Cellular - is likely to recast their joint venture to suit ......
- Spice to invest $2.5bn for expansion.
NEW DELHI: GSM service provider Spice Communications on Monday announced a $2.5-bn expansion plan for the next three years to establish a pan-India presence. The company is 49% owned by Telekom Malaysia and has operations in Punjab and Karnataka circles....
- Int'l consortium to build $ 500-M submarine cable.
SINGAPORE, Apr. 27 (AFP) -- A multinational consortium will build the first high-bandwidth optical fiber submarine cable system linking Southeast Asia and the United States at a cost of US$ 500 million, a member said Friday. Singapore telecom operator StarHub, ......
- Malaysia state firms going reg'l.
Byline: EN-LAI YEOH KUALA LUMPUR, Malaysia (AP) -- Malaysia's state-linked companies will spread out and seek new investment targets in Asia as part of efforts to turn them into regional champions by 2015, the head of the government's investment arm ......
- Spice Telecom plans IPO for expansion.
BANGALORE: Cellular service provider Spice Telecom plans to go for an initial public offering (IPO) by March end this year. The aim is to raise an amount of around $150 million to fund the company's expansion plans. Spice Telecom chairman ......
- Spice Telecom to raise 150 mn dollar via IPO.
Byline: Sushmita Mohapatra BANGALORE: The ongoing boom in the telecom market will witness Spice Telecom entering the capital market soon to fund its future expansion plans, which include entering new circles and long-distance telecom service. Spice Telecom will be hitting ......
- Malaysia's Maxis strikes Aircel deal.
Byline: Bodhisatva Ganguli and Rajeshwari Adappa Thakur MUMBAI: Malaysia's Maxis Communications Berhad is close to acquiring the C Sivasankaran -promoted Aircel, according to industry sources. A formal announcement is likely by the end of this week, possibly as early as ......
- Spice IPO: Should you buy?
MUMBAI: Keynote Capitals Research has put out a "subscribe with a long term view" on the Spice Communications initial public offering which opened Monday. The call means value of the stock can only be realised over 12-18 months. The IPO ......
- Spice gets nod for NLD, ILD services.
Byline: Joji Thomas Philip NEW DELHI: Spice Telecom, which offers telecom services in Punjab and Karnataka, on Friday got the Department of Telecom's approval to begin national and international long distance (NLD/ILD) services. Spice had applied for both NLD and ......
- Bharti, PCCW Global tie up for IP infrastructure.
New Delhi: In line with its plans to be a major player in the enterprise segment, Bharti Airtel on Thursday entered into a partnership with PCCW Global Limited, a leading information and communications technologies firm in Asia, to link their ......
- Tele Malaysia picks 49% in Spice.
MUMBAI/BANGALORE: Telekom Malaysia has eventually 'called on' Spice Telecom. The largest telecom operator in Malaysia picked up 49% stake in the Indian cellular service provider for $178.8 million by buying out the stakes of Ashmore Investments and Deutsche Bank. The ......
- Birlas seen in race for Cingular's Idea pie.
Byline: R Sriram and Bodhisatva Ganguli MUMBAI: The search for an outside strategic partner to replace US wireless giant Cingular in Idea Cellular has stalled as the existing shareholders, AV Birla and the Tata group, try and negotiate a deal ......
- Idea to be the only Indian-owned pvt operator after Cingular exit.
Byline: Rajeshwari Adappa Thakur MUMBAI: TO lose one parent is sad. In case of Idea Cellular, though, it's probably good news. With US major Cingular opting to sell its stake in Idea to the Indian founder shareholders, the Birlas and ......