Telecom

Augere Limited is planning to sell its 4G spectrum in two states and to quit Indian operations, because it has been unable to raise funds because of regulatory uncertainty.

Kavveri Telecom Products Limited is planning to raise $20 Mn in its subsidiary - Kavveri Telecom Infrastructure Limited.

Bharti Airtel is planning to buy 4G licenses from Qualcomm for R6000Cr, which will enable it to launch 4G services in Delhi and Mumbai.

China based Spreadtrum Communications is investing $10Mn in Micromax Informatics. Post investment, Spreadtrum will become one of Micromax's preferred mobile chipset suppliers. According to the release, the two companies will work together through a joint R&D collaboration to ...

Tata Communications may bid for London based telecom company - Cable & Wireless Plc in the next two weeks, according to ET. Vodafone Group is also considering a bid for the troubled telecom company.

Blackstone and Carlyle Group have signed a term sheet with Reliance Comm to buy a stake of up to 95% in Reliance Infratel Limited.

Batelco is selling it's 42.7% holding in S Tel to it's partner Sky City Foundation for $175Mn. The sale is expected to be completed by the fourth quarter of this year.

Tulip Telecom has raised R250Cr mezzanine funding to cover the costs for the Bangalore datacenter owned by Tulip Data Centre Pvt Ltd. The name of the investor has not been disclosed.

Piramal Healthcare Limited will acquire 5.5% stake in Vodafone India Limited from Essar for R3007Cr.