Anil Ambani’s Reliance Communications to buy Sistema’s Indian telecom business

Triggering a significant consolidation in telecom business in the country, industrialist Anil Ambani-led Reliance Communications on Monday announced a major accord to acquire the Indian business of Russia’s Sistema, which is operating under the ‘MTS’ brand, in a unique stock-cum-spectrum-fee payment deal. The deal first calls for a demerger of the telecom business of the … Read more

Regulate WhatsApp, Skype phone calls, says government panel on net neutrality

Now, get ready to pay more every time you use your mobile phone data connection to make calls using Internet-based calling applications such as Skype, WhatsApp and Viber. A government panel on net neutrality has proposed to regulate domestic calls made using these services at par with phone call services provided by telecom operators. The government … Read more