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Already crowded telecom space is becoming over crowded - 6 more operators will join the scene. Though Bharti in GSM and Reliance in CDMA dominate the space, the new operators will add to the competition. Indian telecom industry is seeing an explosive growth with 9.22 million new mobile subscriptions in July. This would take the [...]

BPL Mobile on Tuesday made a Mauritius based equity fund its stakeholder for a consideration of USD 80 million, as part of efforts to raise funds for expansion and purchase of stake in Mumbai-based Loop Telecom. BPL Mobile has issued approximately 17 per cent equity to the company owned by an international equity fund investing [...]

Mobile operator Shyam Telecom, in which Russian communications major Sistema holds a majority stake, has become the first of the new telecom players to get pan-India spectrum for launching mobile services. The company has been allotted radio frequencies on the CDMA technology platform. New GSM licensees such as Datacom, Unitech, Loop Telecom and Swan have [...]