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AT&T Eyeing Stake in Indian Mobile Company

WASHINGTON, June 7, 2010 –Telecom giant AT&T is in talks with Reliance Communications, one of India’s top mobile phone firms, to possibly purchase a minority share in the firm. Reliance was one of the few companies in the recent spectrum auction in India to obtain large sections of the Broadband Wireless Allocation band. Reliance is also in talks with Etisalat Emirates Telecommunications Corp., an Abu Dhabi-based telecom company.

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WASHINGTON, June 7, 2010 – Telecom giant AT&T is in talks with to Reliance Communications, one of India’s top mobile phone firms, to possibly purchase a minority share in it. Reliance was one of the few companies in the recent spectrum auction in India to obtain large sections of the Broadband Wireless Allocation band. Reliance is also in talks with Etisalat Emirates Telecommunications Corp ., an Abu Dhabi-based telecom company.

According to a report in Reuters ,the firm is looking to sell up to 26 percent of shares in the firm to increase capital and decrease existing debt. Currently, Reliance has a market cap of $7.4 billion.

India is growing into one of the world’s largest mobile phone markets with over 584.32 million subscribers. Unlike the United States, where new subscribership growth is minimal. India boasts a 3 percent growth per quarter.

With the recent purchase of the BWA band, the company aims to expand its business into the burgeoning mobile broadband market. Currently ,the firm offers a variety of m obile internet plans which range in price from $5 a month for 300 megabytes to $64 for 18 gigabytes. The plans increase in price and speed with tiers at 1 gb, 5 gb, and 10 gb.

AT&T sold its stake in the firm Idea Cellular back in 2005 and some experts say it has missed out on the nation’s rapid growth of mobile users. However, since Randall Stephenson took over as CEO, the firm has been looking to get back into the country.

Rahul Gaitonde has been writing for BroadbandBreakfast.com since the fall of 2009, and in May of 2010 he became Deputy Editor. He was a fellow at George Mason University’s Long Term Governance Project, a researcher at the International Center for Applied Studies in Information Technology and worked at the National Telecommunications and Information Administration. He holds a Masters of Public Policy from George Mason University, where his research focused on the economic and social benefits of broadband expansion. He has written extensively about Universal Service Fund reform, the Broadband Technology Opportunities Program and the Broadband Data Improvement Act

International

International Data Localization Laws Harm Emerging Tech Businesses

Experts advocate a new framework that better accommodates the global tech economy by removing data localization barriers.

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Jason Oxman, CEO of the Information Technology Industry Council

WASHINGTON, June 7, 2010 – Telecom giant AT&T is in talks with to Reliance Communications, one of India’s top mobile phone firms, to possibly purchase a minority share in it. Reliance was one of the few companies in the recent spectrum auction in India to obtain large sections of the Broadband Wireless Allocation band. Reliance is also in talks with Etisalat Emirates Telecommunications Corp ., an Abu Dhabi-based telecom company.

According to a report in Reuters ,the firm is looking to sell up to 26 percent of shares in the firm to increase capital and decrease existing debt. Currently, Reliance has a market cap of $7.4 billion.

India is growing into one of the world’s largest mobile phone markets with over 584.32 million subscribers. Unlike the United States, where new subscribership growth is minimal. India boasts a 3 percent growth per quarter.

With the recent purchase of the BWA band, the company aims to expand its business into the burgeoning mobile broadband market. Currently ,the firm offers a variety of m obile internet plans which range in price from $5 a month for 300 megabytes to $64 for 18 gigabytes. The plans increase in price and speed with tiers at 1 gb, 5 gb, and 10 gb.

AT&T sold its stake in the firm Idea Cellular back in 2005 and some experts say it has missed out on the nation’s rapid growth of mobile users. However, since Randall Stephenson took over as CEO, the firm has been looking to get back into the country.

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China

Experts Unsure if International Trade Agreements Will Harm or Help Digital Trade 

Experts discuss whether or not international trade agreements will harm or help regulate digital trade between nations 

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 Sen. Ron Wyden, D-Oregon

WASHINGTON, June 7, 2010 – Telecom giant AT&T is in talks with to Reliance Communications, one of India’s top mobile phone firms, to possibly purchase a minority share in it. Reliance was one of the few companies in the recent spectrum auction in India to obtain large sections of the Broadband Wireless Allocation band. Reliance is also in talks with Etisalat Emirates Telecommunications Corp ., an Abu Dhabi-based telecom company.

According to a report in Reuters ,the firm is looking to sell up to 26 percent of shares in the firm to increase capital and decrease existing debt. Currently, Reliance has a market cap of $7.4 billion.

India is growing into one of the world’s largest mobile phone markets with over 584.32 million subscribers. Unlike the United States, where new subscribership growth is minimal. India boasts a 3 percent growth per quarter.

With the recent purchase of the BWA band, the company aims to expand its business into the burgeoning mobile broadband market. Currently ,the firm offers a variety of m obile internet plans which range in price from $5 a month for 300 megabytes to $64 for 18 gigabytes. The plans increase in price and speed with tiers at 1 gb, 5 gb, and 10 gb.

AT&T sold its stake in the firm Idea Cellular back in 2005 and some experts say it has missed out on the nation’s rapid growth of mobile users. However, since Randall Stephenson took over as CEO, the firm has been looking to get back into the country.

Continue Reading

China

Biden Executive Order on Chinese Investment Restrictions a ‘Policy Misstep,’ Says Huawei Official

A new White House order could further push Huawei and other Chinese firms to be more self-sufficient, executive says.

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John Suffolk, Huawei's global head of cybersecurity and privacy officer

WASHINGTON, June 7, 2010 – Telecom giant AT&T is in talks with to Reliance Communications, one of India’s top mobile phone firms, to possibly purchase a minority share in it. Reliance was one of the few companies in the recent spectrum auction in India to obtain large sections of the Broadband Wireless Allocation band. Reliance is also in talks with Etisalat Emirates Telecommunications Corp ., an Abu Dhabi-based telecom company.

According to a report in Reuters ,the firm is looking to sell up to 26 percent of shares in the firm to increase capital and decrease existing debt. Currently, Reliance has a market cap of $7.4 billion.

India is growing into one of the world’s largest mobile phone markets with over 584.32 million subscribers. Unlike the United States, where new subscribership growth is minimal. India boasts a 3 percent growth per quarter.

With the recent purchase of the BWA band, the company aims to expand its business into the burgeoning mobile broadband market. Currently ,the firm offers a variety of m obile internet plans which range in price from $5 a month for 300 megabytes to $64 for 18 gigabytes. The plans increase in price and speed with tiers at 1 gb, 5 gb, and 10 gb.

AT&T sold its stake in the firm Idea Cellular back in 2005 and some experts say it has missed out on the nation’s rapid growth of mobile users. However, since Randall Stephenson took over as CEO, the firm has been looking to get back into the country.

Continue Reading

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