Monday, December 13, 2004
More news from the telecom front
Idea Cellular India has new owners as Telekom Malaysia and Singapore Technologies Telemedia have taken over AT&T's stake in the company. The rest of the firm continues to be owned by the Tata and Birla groups. Interestingly, the sellout happened in the wake of Cingular's $41 billion buyout of AT&T Wireless. Clearly, Cingular wants to consolidate its American footprint and is getting out of any business seen as non-core in this context.
Even as the western giants exit India -- last week France Telecom sold its stake in BPL to the Essar group -- the south-east Asians are muscling their way in. In the case of France Telecom, they clearly need all the money they can get because of the money they flushed down the 3G drain. It's interesting nevertheless that Singapore are Malaysia see opportunity where France and the U.S. don't.
UPDATE: Meanwhile, the Commies want TRAI disbanded. If you ever needed evidence these guys were cuckoo, this is it. Telecom is pretty much the only core sector where India is getting to be world class, and these jokers want to ruin that because they want to 'protect' the incumbent, BSNL? The buggers!!
Even as the western giants exit India -- last week France Telecom sold its stake in BPL to the Essar group -- the south-east Asians are muscling their way in. In the case of France Telecom, they clearly need all the money they can get because of the money they flushed down the 3G drain. It's interesting nevertheless that Singapore are Malaysia see opportunity where France and the U.S. don't.
UPDATE: Meanwhile, the Commies want TRAI disbanded. If you ever needed evidence these guys were cuckoo, this is it. Telecom is pretty much the only core sector where India is getting to be world class, and these jokers want to ruin that because they want to 'protect' the incumbent, BSNL? The buggers!!
