India

UK finds India in search for post-Brexit fortunes

The UK and India have announced a new tech partnership to identify and pair businesses, venture capital and universities, British and Indian entrepreneurs and small and medium enterprises make a splash in the connected economy.

Vodafone India completes €478mn tower sale

Vodafone has announced the completion of the sale of its Indian tower business to American Tower in a move to build the spreadsheets in preparation for the Jio battle.

Xiaomi usurps Samsung in fast growing India

Xiaomi has overtaken Samsung as the top-selling smartphone brand in the lucrative Indian market, as total sales fell just short of 30 million devices for the last quarter.

Idea Cellular has a bright one

Idea Cellular has announced it intends to raise €882 million of equity so it doesn’t have to sit at the kiddies table following the merger with Vodafone’s Indian business.

Bharti said to be sniffing around RCom

Bharti Airtel is reportedly eyeing up Reliance Communications spectrum assets, which are currently being sold by lenders who are trying to recover Rs45,000cr in debt.

Aircel joins RCom on the naughty step

Reliance Communications has been suffering recently, but perhaps there will some comfort in the knowledge Aircel has been missing its debt repayments as well.

Lack of brotherly love leaves RCom circling the drain

It’s a tale of two billionaire brothers having very different experiences in the telco space. Reliance Jio is flying high, its quarterly report implies Reliance Communications is dying a slow and painful death.

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