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RCom repays 20% of loans ahead of schedule

2.09.2009
RCom repays 20% of loans ahead of schedule (Mint)India’s No. 2 mobile operator, Reliance Communications Ltd (RCom), said it has repaid early at least $1 billion (around Rs4,870 crore) of loans, about one-fifth of its outstanding loans, and could repay more debt ahead of schedule.

 
S Africa govt in principle supports MTN, Bharti deal (ET)South Africa's communications department said on Tuesday it supported in principle a proposed tie-up between MTN Group and India's Bharti Airtel, aimed at creating the world's No. 3 mobile operator.
Quippo-WTTIL submits bids for Aircel's tower biz: MD (BS)Quippo-WTTIL, the entity formed by the merger of city-based Quippo with Tata Teleservices' tower arm, has submitted bids for acquiring the tower business of mobile operator Aircel, a top company official said today. "We have submitted the bids for Aircel's tower business.

 
Indian firms re-route Net traffic after Taiwanese earthquake (BS)Indian submarine cable companies, including Tata Communications and Reliance Communications, re-routed at least 300-400 Gigabytes of internet traffic over both own and consortium cable networks between the Chinese mainland.

 
RIT launches 'Orbit' brand products in India! (EFY)Dubai-based Research and Innovation Technologies (RIT) has partnered with India-based HotSpot Retail to launch its mobile software products in India. RIT's products will help detect theft of the mobile handset, track a person precisely on the ground.

 
Rajeev Suri appointed Nokia Siemens Networks CEO (Mint)
Global telecommunications services provider Nokia Siemens Networks on Tuesday said it has appointed Rajeev Suri, an Indian citizen, as its chief executive officer (CEO) with effect from 1 October.

 
Subhash Bana Joins Alcatel-Lucent India (EFY)Alcatel-Lucent has named Subhash Bana as vice president, R&D. In his new role, Subhash will be responsible for driving excellence in engineering performance across the carrier and applications software activities, including R&D service delivery.

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