iWorld

Pakistan decides against selling stake in telecom firm to Etisalat

MUMBAI: In what is being seen as a setback to privatisation initiatives in Pakistan, that country's government has cancelled the $2.6bn sale of a controlling stake in state-owned Pakistan Telecommunications (PTC) to the United Arab Emirates-based Etisalat.

Media reports indicate that the UAE operator failed to make the agreed payment by the deadline given. Pakistan's Privatisation Commission isued a statement that said, ?In spite of the necessary facilitation within the transaction framework, Etisalat failed to make payment of the balance bid amount within the mutually agreed extended timeline of 28 October 2005?.

This announcement comes at a time when foreign telecom carrIers are looking to expand into South Asia. As had been reported earlier by Indiantelevision.com Vodafone Group, the world's biggest mobile-phone company, is buying 10 per cent stake in Bharti Tele-Ventures Ltd (BTVL) for approximately Rs 67 billion ($1.5 billion).

Analysts weer quoted in reports saying that Etisalat had raised several issues soon after its successful bid, including a deferred payment structure, permission to list PTCL shares in the UAE market as well as in Karachi, and various tax exemptions.

Etisalat may have been pressing for the concessions because it paid a price that exceeded market expectations and was far higher than other bids

The Pakistan government is now said to be examining the possibility of whether the stake should be awarded to China Mobile which was the second highest bidder.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/23/mirzapur.jpg?itok=Aqrk2DaP
Amazon Prime Video India and Excel Media & Entertainment Release the Trailer of the Highly Anticipated Prime Original Series, Mirzapur

Amazon Prime Video and Excel Media & Entertainment today released the trailer of the highly anticipated Prime Original Series – Mirzapur. Set in the heartland of India

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/23/al.jpg?itok=QbPlbu30
Airtel, Jio turn to AI to improve customer service

Every industry and player is adapting to Artificial Intelligence (AI) in today’s time and the Indian telecom industry isn’t far behind. In order to offer better customer service and experience, telcos like Bharti Airtel and Reliance Jio are turning to AI.

iWorld Telecom
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/23/netflix_0.jpg?itok=rkyJupzV
Netflix to raise $2 bn for original content

American media services provider, Netflix, is planning to raise an additional $2 billion through bond offering.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/23/netflix.jpg?itok=KgBD5qW_
Netflix makes up 15% of total downstream traffic on global internet

The world’s largest over-the-top (OTT) player, Netflix, makes up 15 per cent of the total downstream volume of traffic across the entire internet, according to The Global Internet Phenomena reports by Sandvine released in October 2018.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/22/Punit-Goenka.jpg?itok=3YeKsOOS
ZEE5 Originals' content cost to be 3x more than TV: Punit Goenka

Zee Entertainment Enterprises Ltd’s (ZEEL) digital venture ZEE5 has shown impressive growth in a very short span. To keep pace with the growth, the Punit Goenka-led company will highly beef up its content investment for originals as well as film titles.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/22/airtel_0.jpg?itok=V18qau8-
Airtel launches Google Assistant based Digital Customer Care

Airtel smartphone customers will now able to get instant resolution to their frequent account related queries through the Google Assistant.

iWorld Telecom
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/22/airtel.jpg?itok=KykcwnmM
Airtel’s fixed line broadband biz under pressure as Jio enters the fray

More than a tenth of Airtel’s India revenue is generated through its cable business, through broadband and digital TV. And now with Reliance Jio’s entry in the cable market through its acquisition of controlling stakes in DEN Networks and Hathway cables, Airtel is very certain to face pressure in...

iWorld Broadband
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/20/Facebook_800.jpg?itok=OR0GQ8Cb
Facebook planning smart STB for TVs with video calling support

According to a United States news website, Cheddar, social networking company Facebook is working on smart set-top boxes for TV. And according to the sources, the set-top box will be camera equipped. It will also allow video calling along with entertainment services like Facebook’s YouTube...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/20/Jio_800.jpg?itok=pp4vLPSn
Reliance Jio to maintain ARPU lead over Airtel, Vodafone Idea

Indian telecom company, Reliance Jio, is most likely to maintain its lead on average revenue per user (ARPU) over its rivals Bharti Airtel and Vodafone Idea. The telco’s strategy in the market has paid off well by selectively choosing an inordinate share of 4G smartphone users and continuing to...

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories