Christian de Faria, MD and CEO, Africa, said that Airtel Africa revenues grew 4.6 per cent in the third quarter on an underlying basis.
“During hard times like now, it provides an opportunity to invest in newer markets such as India where there are long-term prospects,” Cook said.
Transsion Holdings, which has three brands —Tecno, Itel and Infinix — hired Intex’s old hand and head of product, Sudhir Kumar, as chief executive of India operations.
Srei Infrastructure Finance is looking at opportunities to acquire telecom tower assets in emerging markets overseas while equally exploring greenfield possibilities.
The company is roping in former execs to invigorate operations and sales, which have increasingly come under pressure from Samsung, Intex and a slew of Chinese entrants.
Last year, DoT had put up 470.75 MHz of spectrum for auction in March, which fetched Rs 1.1lakh crore, with unsold airwaves left in some bands.
Sector regulator Trai is likely to come up with its recommendations on reserve price of spectrum for the upcoming auction by the next week.
“It’s clear that vendors can no longer market their products with the mind of only targeting the mature and emerging markets," said Ranjit Atwal, research director at Gartner.
Jain added that the industry build of material cost for making the same phone as Le Max 64 GB is about Rs 42,000 including value added tax.
Firstouch raised $5 million in a series A funding from investors led by Omidyar Network, and rebranded itself as Indus OS.
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