Etislat-RCOM Tower Deal

Etislat (earlier acquired 45% stake in Swan Telecom for $900mn) has signed a 10 year old tower sharing deal with Reliance’s infrastructure arm, marking the deal size to Rs. 10,000 crores.

Earlier, Telenor had signed a deal with Tata-Quippo for 67.25% stake.

Telenor’s India Move

Telenor is speeding up it’s India plans (have acquired majority stake in Unitech) and is preparing to raise $2Bn (10,000 crore) for it’s India rollout plan.

Myntra Launches PrintON

Myntra has launched PrintON service that enables consumers to print content on a variety of surfaces like canvas, glass, wood and marble.(details)

iXiGo claims Rs. 300 Crore Business for Airlines in Direct Sales

The OTA/meta search war is on and iXiGo claims Rs. 300 crore in sales for Airlines, and a saving of Rs, 15 crore in distribution costs (cumulative) – details

MNP by Year End

Mobile Number Portability which was supposedly delayed till September has been further delayed to December 2009,

More news:

• Cleartrip has launched Cleartrip for Business that enables a corporate to take complete control of its travel expenses.
• India June Infrastructure Output Up 6.5%
• Infosys to set up Govt’s e-biz project
• IBM in deal with Sun TV
• Zapak.com eyes content partnership to expand user base

Tags: Etislat, India Business, india news, ixigo, mnp, myntra, telenor