Divestment of assets seems imminent in the Indian telecom sector - which faces intense competition and high capital expenditure requirements - in the near future, said Nomura Singapore.
The competitiveness in the Indian telecom market undermines the promise of third generation, or 3G, for telecom operators that are still battling it out on the prices of voice calls, Ellen Daley, vice-president and practice leader at Forrester Research told ET.
Sun Pharmaceutical chairman & managing director, Dilip Shanghvi told that Taro acquisition still seems attractive three years later.
Telecom revenue from existing customers has declined for many operators since October 2009 when competition nearly halved the realised rate per minute for operators.
Indian pharmaceutical product packaging company Bilcare has completed a Rs607-crore acquisition of the plastic film-making unit of petrochemical company INEOS.
James D Taiclet, chairman, president & chief executive of American Tower in an interview with ET said the company isn't looking at sky-rocketing tower numbers, but for return on investment per tower.
GTL Infrastructure and tower subsidiary of RCOM will convert around Rs 6,000 crore of loans from promoters into equity and issue fresh shares worth $1 bn to investors to create a combined tower entity.
The emergence of two large telecom tower companies over the past year has spurred Indus Towers to mull expansion plans.
Hundreds of scalpel-brandishing mom-and-pop surgical beauty shops raise alarm about procedures being done by underqualified doctors.
Japan's NTT DoCoMo is expected to get 10-15% more in Tata Teleservices by investing an additional $1 billion.
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