OUR DELHI BASED INSIDER HAS GIVEN FOLLOWING TELECOM APPLICANT DETAIL
The rush to enter the world's fastest-growing mobile services market has attracted a wide range of applicants for telecom licences with the Department of Telecommunications.
Among the 46 applicants is a company chaired by telecom consultant Sam Pitroda, Orissa cable TV promoter Jaggi Panda and J H Dalmia of Dalmia Cement (Bharat) Ltd.
Other lesser-known applicants like Mukesh Bhandari of Electrotherm India and software exporters V Madhavi and V Satish Kumar of Prithvi Information Solutions Ltd.
Silicon Infoways promoted by Halycon Asia Investment, Delhi-based Anjney Loys Pvt Ltd and Meta Telecom promoted by Amit Gupta and Dalto Thread Ltd are also among the other applicants.
In some cases, the same group has filed more than one application. For instance, Unitech Ltd has applied for 22 licences through eight companies.
The Mittal family, better known for its steel acumen, is also in the fray. Three companies -- Ispat Industries Ltd Balasore Alloys Ltd and Gontermann-Peipers (India) Ltd -- owned by Pramod and Vinod Mittal have put in three separate applications for nine licences, according to the details available with *Business Standard*.
Elder brother and one of the world's richest Indians, Lakshmi Mittal, is also in the fray through a minority stake in Indiabulls Real Estate Ltd, which has applied for 22 licences through a company called Selene Infrastructure Ltd.
Meanwhile, B K Modi-promoted MCorp Global has applied for 20 and 22 licences respectively through existing player Spice Communications Pvt Ltd and another company, Cellebrum.Com Pvt. Ltd.
"Cellebrum.com will offer third-generation mobile services,"
Aviation entrepreneur Ajay Singh and partners -- Ashish Singh, Praveen Singh and Ashish Deora -- own 25 per cent each in Allianz Infratech (P) Ltd which has applied for 22 licences.
Ortel's Jaggi Panda, wife of young Parliamentarian Jay Panda, said the move to apply for mobile licences made sense.
While DoT has figured out most companies, officials are learnt to be seeking more details for others. For instance, S Tel Ltd, an applicant for 22 licences, is 51 per cent owned by a private Indian company, Skycity Foundations.
The remaining 49 per cent is owned by Telecom Investments (Mauritius) Ltd, a company that has invested in the Indian telecom services market in the past.
Nearly a dozen applicants have neither given the net worth of their promoters nor of the applicant company.
The norms require a minimum net worth requirement of Rs 1,380 crore for a nationwide tele
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Swan set to acquire Allianz’s mobile licences owned by Ashish Deora
AFTER offloading a 45% stake to UAE’s Etisalat for $900 million, Swan Telecom is set to acquire the mobile licences held by Allianz Infratech . The deal, which may run into a couple of hundred crores, is likely to be announced within a fortnight, according to sources close to the development.
Allianz had applied for telecom licences on a pan-India level but was given permission to launch services in only two circles — Madhya Pradesh & Bihar.
Swan, which has bagged licences to operate in 13 of the 22 telecom zones in India, is not present in these two circles. Allianz Infratech is promoted by four individuals — aviation entrepreneur Ajay Singh, Ashish Singh, Praveen Singh and Ashish Deora, who hold 25% stake in the company each. Following the deal, Swan will be able to provide telecom services in 15 circles covering over a billion people.
Swan managing director Shahid Balwa denied the development. He, however, admitted that Swan would make an acquisition to extend its footprint in India, while refusing to divulge further details. After the Etisalat deal, Mr Balwa had told ET that Swan would launch mobile services in the first quarter of 2009, adding that the company was in talks with existing operators and standalone tower companies for infrastructure sharing.
Swan is one of the seven companies that were successful in winning GSM licences earlier this year, the others being Datacom, Loop Telecom , S Tel, Shyam Telecom, Unitech and Allianz. Swan is owned by the Mumbai-based Dynamix Balwas Group of companies. Industry sources said that Etisalat will raise its stake in Swan to 51% or more at a later stage.
Indian regulations permit foreign telcos to have upto 74% stake in any company that offers communication services in India. After the deal, Allianz would be the first of the new entrants to sell out. It’s not clear under the current merger and acquisition norms in telecom whether a new player like Allianz can sell out. Early this year, Allianz Infratech failed to make the cut to bag a pan-India telecom licence as its net worth was lower than the mandated Rs 1,350 crore. It was later awarded licences for only two circles. While the company paid about Rs 30 crore as entry fee for these two circles, the value of these licences would be multiples of that amount. For instance, Swan paid about Rs 1,400 crore for its licences in 13 circles earlier this year. The company is now worth $2 billion or Rs 8800 crore, based on the valuation in the Etisalat deal.
Swan set to acquire Allianz’s mobile licences owned by Ashish Deora
AFTER offloading a 45% stake to UAE’s Etisalat for $900 million, Swan Telecom is set to acquire the mobile licences held by Allianz Infratech . The deal, which may run into a couple of hundred crores, is likely to be announced within a fortnight, according to sources close to the development.
Allianz had applied for telecom licences on a pan-India level but was given permission to launch services in only two circles — Madhya Pradesh & Bihar.
Swan, which has bagged licences to operate in 13 of the 22 telecom zones in India, is not present in these two circles. Allianz Infratech is promoted by four individuals — aviation entrepreneur Ajay Singh, Ashish Singh, Praveen Singh and Ashish Deora, who hold 25% stake in the company each. Following the deal, Swan will be able to provide telecom services in 15 circles covering over a billion people.
Swan managing director Shahid Balwa denied the development. He, however, admitted that Swan would make an acquisition to extend its footprint in India, while refusing to divulge further details. After the Etisalat deal, Mr Balwa had told ET that Swan would launch mobile services in the first quarter of 2009, adding that the company was in talks with existing operators and standalone tower companies for infrastructure sharing.
Swan is one of the seven companies that were successful in winning GSM licences earlier this year, the others being Datacom, Loop Telecom , S Tel, Shyam Telecom, Unitech and Allianz. Swan is owned by the Mumbai-based Dynamix Balwas Group of companies. Industry sources said that Etisalat will raise its stake in Swan to 51% or more at a later stage.
Indian regulations permit foreign telcos to have upto 74% stake in any company that offers communication services in India. After the deal, Allianz would be the first of the new entrants to sell out. It’s not clear under the current merger and acquisition norms in telecom whether a new player like Allianz can sell out. Early this year, Allianz Infratech failed to make the cut to bag a pan-India telecom licence as its net worth was lower than the mandated Rs 1,350 crore. It was later awarded licences for only two circles. While the company paid about Rs 30 crore as entry fee for these two circles, the value of these licences would be multiples of that amount. For instance, Swan paid about Rs 1,400 crore for its licences in 13 circles earlier this year. The company is now worth $2 billion or Rs 8800 crore, based on the valuation in the Etisalat deal.
Ashish Deora Owner of Vidocan’s Dhoots look to snap up IOL – IPTV News
The Dhoot family, the promoters of Videocon Group, has bought 14% equity in IOL Netcom, a Mumbai-based broadband company, from the open market transaction is being perceived by the industry as a takeover bid.
In the last two months, Shree Dhoot Trading & Agencies Ltd, an investment company of the Dhoots, has mopped up 11.72% shares in the loss-making firm, earlier known as IOL Broadband. This is in addition to the 1.97% stake that Videocon Realty & Infrastructure Ltd, a Videocon group company, owns in IOL Netcom.
Sources close to the development said the Dhoots have hired an advisor for further negotiations to gain management control of the zero-debt company that was the first in Asia to launch IPTV.
Videocon Group officials have met IOL Netcom president Siddharth Srivastava to discuss areas of mutual cooperation. However, the talks did not cover any buyout proposal.
Read more…
http://economictimes.indiatimes.com/Infotech/Internet_/Videocons_Dhoots_look_to_snap_up_IOL_Netcom/articleshow/3312325.cms
http://ashish-deora.blogspot.com
http://www.ashishdeora.com
Swan set to acquire Allianz’s mobile licences owned by Ashish Deora
AFTER offloading a 45% stake to UAE’s Etisalat for $900 million, Swan Telecom is set to acquire the mobile licences held by Allianz Infratech . The deal, which may run into a couple of hundred crores, is likely to be announced within a fortnight, according to sources close to the development....
Read more…
http://ashish-deora.blogspot.com/
http://www.ashishdeora.com
http://economictimes.indiatimes.com/Infotech/Internet_/Videocons_Dhoots_look_to_snap_up_IOL_Netcom/articleshow/3312325.cms
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