Concept Consultants

India’s leading electronic and consumer goods company VEDEOCON is looking to buy out the Motorola’s mobile business.

As per the leading news papers and the business news channels in India the company has already has appointed words top three investment bankers to convey the companies interest to buy out the mobile business.

Vedeocon which operates the retails chain with more than 1000 outlets under NEXT brand and also started its GSM business with over 6000 core investment.

Right now the Indian mobile market need 120 million units a year and growing demand every day.

Motorola has the market share of around 14% in global headset market just behind SAMSUNG and Nokia

Uncategorized investment, Mobile, motorola, videocon

Tata Teleservices along with their current CDMA operations are ready roll
out pan-India GSM srvices in line with the policy to permit dual technology
The permission to roll out their GSM services was given on 10th January 2008.

 Nine companies like Loop Telecom(owned by BPL), Spice Communication,
Shyam Telelink, Swan Telecomm Datacom and Idea Cellular, Unitech, STel
got the Letter of Intent, Unitech and STel being new players in this field.

Other applicants such as By-Cell, Alliance, Cheetah, Parsvnath, Selene
Infrastructure and HFCL did not get the permission from the Department of
Telecom. More than 46 companies had applied for the licences.

Indian Market News DoT, GSM, Mobile, news, Tata Tele, Telecom