Kumar Mangalam Birla-led Idea Cellular said it would invest Rs 4,200-crore in 3G network infrastructure, including erecting around 16,000 towers by March, 2012.
A total of Rs 10,000 crore will be invested in the 3G operations which includes Rs 5,800-crore the company paid to secure licenses for spectrum in 11 circles, company Deputy Managing Director Himanshu Kapania told reporters here.
Idea launched its 3G operations in 10 cities across three circles in Madhya Pradesh, Chhattisgarh, Himachal Pradesh and Gujarat today, with an unique offering that also lets users pay per minute of usage, rather than on amount of data downloaded.
"We will be having 5,000 3G towers by March-end, 2011 which we plan to scale-up to around 16,000 by March-end next year. By that time (March 2012), we will cover 3,700 towns of the country," he said.
The company, which controlled a 13.3 per cent share of the market by revenues in the December quarter, is targeting to touch 200 towns by April 15 which will go up to 750 by May-end, Kapania said.
The rest of the circles where it holds licences such as Kerala, Maharashtra, Uttar Pradesh (West), Haryana, Andhra Pradesh, Jammu and Kashmir and Uttar Pradesh (East) will see a roll-out by April 15, he added.
3G will result in a "significant" rise in its average revenues from an user, which on the data side, stands at Rs 15 presently, its Chief Executive, Sanjeev Aga, said.
The company is in talks with its peers for offering 3G roaming services to consumers where they have not won a license, Kapania said...
Friday, April 1, 2011
Essar may have to pay tax upon sale of equity to Vodafone
Essar, which today exited from the joint venture Vodafone-Essar, may be asked to pay tax upon sale of a part of the equity due to capital gains accruing to the Indian firm after the deal.
According to sources, Essar may be asked to pay tax on 10.97 per cent equity held by its Indian subsidiary in Vodafone-Essar.
Essar has 33 per cent stake in Vodafone-Essar. Of this 22.93 per cent is off-shore (held by entities registered outside India) and no tax may be payable on this. The remaining 10.97 per cent is held by Essar Communications Private Limited (an Indian entity) and there will be a tax liability on this portion.
Sources said that 22.03 per cent stake (off-shore) is valued at USD 3.8 billion and the remaining 10.97 per cent is valued at USD 1.2 billion.
Vodafone today announced to acquire Essar's 33 per cent stake for cash outflow of USD 5 billion.
According to sources, Essar may be asked to pay tax on 10.97 per cent equity held by its Indian subsidiary in Vodafone-Essar.
Essar has 33 per cent stake in Vodafone-Essar. Of this 22.93 per cent is off-shore (held by entities registered outside India) and no tax may be payable on this. The remaining 10.97 per cent is held by Essar Communications Private Limited (an Indian entity) and there will be a tax liability on this portion.
Sources said that 22.03 per cent stake (off-shore) is valued at USD 3.8 billion and the remaining 10.97 per cent is valued at USD 1.2 billion.
Vodafone today announced to acquire Essar's 33 per cent stake for cash outflow of USD 5 billion.
Facebook to value $234b by 2015
Facebook is set to become giant size by 2015. Currently it is valued at $85 billion and in the next 4 years it will be worth $234 billion, sources revealed.
The social media firm gradually is becoming the "second internet" as analysts put itand will earn $11 billion on $22 billion in the next few years which shall catapult its value to $234 billion till 2015.
Earlier analysts had expected Facebook to be worth $100 billion by 2015, but as they saw Facebook’s margins improving, they now have estimated the firm’s value will be more than double than the earlier estimation.
Along with Facebook other internet portals such as Facebook, Zynga, Twitter, The Huffington Post and Quora too will join the “second internet” bandwagon, as they too are consistently doing well.
The “Social Internet” is on the rise as analysts describe the phenomenon of these websites rising from the dust to become internet giants.
Facebook’s valuation is estimated to be overtaken by only Apple which will be worth $321 billion by 2015.
The social media firm gradually is becoming the "second internet" as analysts put itand will earn $11 billion on $22 billion in the next few years which shall catapult its value to $234 billion till 2015.
Earlier analysts had expected Facebook to be worth $100 billion by 2015, but as they saw Facebook’s margins improving, they now have estimated the firm’s value will be more than double than the earlier estimation.
Along with Facebook other internet portals such as Facebook, Zynga, Twitter, The Huffington Post and Quora too will join the “second internet” bandwagon, as they too are consistently doing well.
The “Social Internet” is on the rise as analysts describe the phenomenon of these websites rising from the dust to become internet giants.
Facebook’s valuation is estimated to be overtaken by only Apple which will be worth $321 billion by 2015.
Indian Green Grid Group (IG3) picks IBM for innovative Green Data Center
IBM and IG3 have entered into an agreement, in which IBM will design a Green Data Centre for IG3. IG3 is constructing one of the largest Data Centers in the Asia Pacific Region. Located in Bangalore it represents the largest investment so far in this sector in India. The proposed size of the data centre will be approximately 8.5 lakh square feet.
As part of the deal, IBM will design IG3’s Internet Data Centre with standards that are highly efficient and reliable. The data centre will be highly resilient and have the environmental protection advantages of IBM's industry-leading data centre design characterized by energy efficiency, green technologies, scalability and the latest power and cooling technologies.
IBM and IG3 also signed a marketing alliance agreement that will focus on the development of the managed services offerings as well as joint go-to-market strategies to acquire customers for services such as IT hosting, business continuity and disaster recovery. Under this joint agreement, both parties will benefit from providing data centre solutions to potential customers while attracting clients into the data centre space.
IG3 develops and manages secure business infrastructure and hospitality infrastructure in India. The organization has an in-depth understanding of industry requirements and has brought international standards of technology, security and quality to each project and has built integrated, intelligent facilities that cater to unique customer needs. Some of the SEZ projects undertaken by them are in Chennai and Perundurai.
As part of the deal, IBM will design IG3’s Internet Data Centre with standards that are highly efficient and reliable. The data centre will be highly resilient and have the environmental protection advantages of IBM's industry-leading data centre design characterized by energy efficiency, green technologies, scalability and the latest power and cooling technologies.
IBM and IG3 also signed a marketing alliance agreement that will focus on the development of the managed services offerings as well as joint go-to-market strategies to acquire customers for services such as IT hosting, business continuity and disaster recovery. Under this joint agreement, both parties will benefit from providing data centre solutions to potential customers while attracting clients into the data centre space.
IG3 develops and manages secure business infrastructure and hospitality infrastructure in India. The organization has an in-depth understanding of industry requirements and has brought international standards of technology, security and quality to each project and has built integrated, intelligent facilities that cater to unique customer needs. Some of the SEZ projects undertaken by them are in Chennai and Perundurai.
Wipro buys SAIC’s oil & gas IT services for around $150 m (about 670 crores)
Wipro Technologies on Friday announced the acquisition of US-based Science Applications International Corporation (SAIC)’s global oil and gas information technology practice for $150 million. The all-cash deal will boost the firm’s energy, natural resources and utilities business unit and guide the ‘upstream’ revenue mix of the unit from 5% currently to 17.5%.
The oil and gas IT practice provides consulting, system integration and outsourcing services to global oil majors and has domain capabilities in the areas of Digital Oil Field, Petro-technical Data Management and Petroleum Application Services addressing the upstream segment. In the oil and gas industry, upstream involves exploration and production while downstream includes retail and distribution. The upstream market is expected to touch $19 billion by 2013 with many oil companies looking at rationalizing cost through IT.
The oil and gas IT practice provides consulting, system integration and outsourcing services to global oil majors and has domain capabilities in the areas of Digital Oil Field, Petro-technical Data Management and Petroleum Application Services addressing the upstream segment. In the oil and gas industry, upstream involves exploration and production while downstream includes retail and distribution. The upstream market is expected to touch $19 billion by 2013 with many oil companies looking at rationalizing cost through IT.
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