GSM mobile operators Vodafone, Bharti and Idea Cellular will jointly set up an independent tower company, Indus Towers, to share passive infrastructure with all telecom players to enable lower cost and a more competitive operating environment .
Bharti and Vodafone will own 42 per cent stake each in the tower company, with Idea will hold the balance 16 per cent. Indus Towers will be an independently managed and operated company.
The mobile phone companies will merge their existing assets, and the new infrastructure company will have 70,000 sites, which will be shared in 16 circles. In addition to telecom companies, service providers such as broadcasters and broadband service providers would also share the infrastructure, Vodafone said in a statement.
"Indus Towers will enable optimisation of future tower rollout and enhanced operational efficiency leading to operational expenses and capital expenses savings for its customers," it said in the statement.
Source: domain - b
Showing posts with label Joint Venture. Show all posts
Showing posts with label Joint Venture. Show all posts
Monday, December 10, 2007
Thursday, June 14, 2007
Mickey Mouse meets loverboy Raj
Walt Disney is typing up with the production house of Bollywood showman Yash Chopra (Yashraj Films) to co-produce animated films in Bollywood, as reported by Economic Times.
While the deal is not a joint venture with equity participation, the industry perceives it as the beginning of a relationship that may later culminate in a strategic equity partnership. For Walt Disney, the Indian game plan could be to secure a supply chain so as to make inroads into the local market. Joining hands with an established house would make greater sense in high growth markets.
Amid reports of Yashraj’s tie-up with Disney, rumours are also floating that some private equity players have evinced interest in investing in the production house.
While the deal is not a joint venture with equity participation, the industry perceives it as the beginning of a relationship that may later culminate in a strategic equity partnership. For Walt Disney, the Indian game plan could be to secure a supply chain so as to make inroads into the local market. Joining hands with an established house would make greater sense in high growth markets.
Amid reports of Yashraj’s tie-up with Disney, rumours are also floating that some private equity players have evinced interest in investing in the production house.
Wednesday, May 16, 2007
Geogit Financial sevices to partner BNP Paribas
The BNP Paribas-Geojit financial services partnership which was ascertained in March 2007 is being renamed as 'Geojit BNP Paribas Financial Services Limited' in India.
BNP Paribas picked up a stake of 27.18% in March which will go up to 34.35%.Investors of Barjeel Geojit Securities LLC, a leading UAE-based provider of financial services of which Geojit Financial Services is the parent company, are to benefit by way of best practices, global products and technology as a result of this partnership.
Read the full article here
BNP Paribas picked up a stake of 27.18% in March which will go up to 34.35%.Investors of Barjeel Geojit Securities LLC, a leading UAE-based provider of financial services of which Geojit Financial Services is the parent company, are to benefit by way of best practices, global products and technology as a result of this partnership.
Read the full article here
HDFC buys out Chubb in insurance JV
HDFC bought out the 26% stake of Chinese insurance major in the JV whose book value expected to be around Rs100 crores would make the deal worth Rs 26 crore.The General Insurance Venture was set up in 2001.
The Insurance Regulatory and Development Authority(IRDA) has been approached by HDFC to clear the Buy-Out.Ergo,the German reinsurance company is speculated to be the lead runner in the race to pick up the Chubb stake,till then,as the HDFC authorities say the JV will be fully owned by them.
Indian insurance regulations limits foreign institutions to own a maximum of 26% stake in insurance ventures.The limit might be raised to 49% but not without political opposition.
Source: Mint
The Insurance Regulatory and Development Authority(IRDA) has been approached by HDFC to clear the Buy-Out.Ergo,the German reinsurance company is speculated to be the lead runner in the race to pick up the Chubb stake,till then,as the HDFC authorities say the JV will be fully owned by them.
Indian insurance regulations limits foreign institutions to own a maximum of 26% stake in insurance ventures.The limit might be raised to 49% but not without political opposition.
Source: Mint
Hilton-Dlf to form joint venture in hotel business
Hilton Hotels Corporation will create a joint venture company (JV) in India with DLF Limited (DLF). The joint venture company plans to develop and own 75 hotels and serviced apartments over the next seven years. The formation of the joint venture is pending receipt of formal written approval from the Government.
The JV-owned hotels will represent several brands from the Hilton Hotels Corporation portfolio, including Hilton Hotels, Hilton Garden Inn, Homewood Suites by Hilton and Hilton Residences. The JV Company will develop and build these properties, while Hilton will manage them.
DLF will hold 74% in the JV Company, and Hilton will hold the remaining minority stake as a symbol of its commitment to the venture. Over the next five to seven years, Hilton will invest up to USD 143 million in the JV Company, before any consideration of debt.
The initial stage of the joint venture will involve 20 hotels in a number of key locations, including Chandigarh, Chennai and Kolkata. A large number of these hotels are expected to be Hilton Garden Inn properties -- a business hotel brand, offering focused services. Beyond the initial 20 sites, the JV Company will continue to identify and acquire sites and undertake new hotel developments in due course of time.
Source: INR News
The JV-owned hotels will represent several brands from the Hilton Hotels Corporation portfolio, including Hilton Hotels, Hilton Garden Inn, Homewood Suites by Hilton and Hilton Residences. The JV Company will develop and build these properties, while Hilton will manage them.
DLF will hold 74% in the JV Company, and Hilton will hold the remaining minority stake as a symbol of its commitment to the venture. Over the next five to seven years, Hilton will invest up to USD 143 million in the JV Company, before any consideration of debt.
The initial stage of the joint venture will involve 20 hotels in a number of key locations, including Chandigarh, Chennai and Kolkata. A large number of these hotels are expected to be Hilton Garden Inn properties -- a business hotel brand, offering focused services. Beyond the initial 20 sites, the JV Company will continue to identify and acquire sites and undertake new hotel developments in due course of time.
Source: INR News
Arvind mills and Diesel planet to form joint venture
Arvind mills announced that it had completed a joint venture agreement with Diesel International B.V. to represent the arrival of the diesel brand in India. The new entity would be called Diesel India Fashion Arvind Pvt Ltd.
Arvind mills, as the diesel authorities claim, was carefully chosen by them after a detailed search.
The joint venture hopes to start operations before the end of this year opening stores in Delhi and Mumbai
Source: www.equitybulls.com
Arvind mills, as the diesel authorities claim, was carefully chosen by them after a detailed search.
The joint venture hopes to start operations before the end of this year opening stores in Delhi and Mumbai
Source: www.equitybulls.com
Subscribe to:
Posts (Atom)