NEWS

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Indian mobile phones maker Celkon Mobiles said on Tuesday that it will invest Rs.250 crore in its manufacturing facilities in Telangana and Andhra Pradesh over next six months. The facilities in Hyderabad and Tirupati will manufacture both mobile phones and tablets. While Rs.100 crore will be invested in the plant…

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American telecom network operator Verizon today announced the expansion of its Internet of Things (IoT) business for enterprises. Verizon provides global IoT coverage in more than 100 countries. It plans to expand its IoT footprint in the coming months to nearly 200 countries. Internet of Things (IoT) business revenue of…

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A surge in Chinese cross-border technology and telecoms deals has helped mergers and acquisitions in Asia Pacific cross $1 trillion for the first time but mainland banks are missing out on the payoffs as they badly trail global rivals in advisory work. While low fees have helped Chinese banks to…

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Presidential hopeful Hillary Clinton will invest $275 billion over five years on the US infrastructure -- if she's elected, that is. A key part of the plan is to bring "world-class broadband" to every American with a view to increasing competition and equality in the workplace. While acknowledging the importance…

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India's biggest telecommunications carrier, Bharti Airtel Ltd will invest 600 billion rupees ($8.98 billion) over three years to upgrade its network, as competition heats up in the world's second-biggest mobile phone market. The investment plan comes as Reliance Industries Ltd (RELI.NS), headed by India's richest man Mukesh Ambani, prepares to…

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Software company P Squared Ltd is changing its name to the Broadcast Radio Group, bringing all its brands together. The Hull-based company has just turned 18 years old and is expanding its business abroad, ahead of releasing new software next year. P Squared well know as the creator of playout…

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French telecoms group Orange said on Monday it was not in talks with Italian peer Telecom Italia but had hired advisory banks to finetune its assessment of the European telecoms sector. "Orange's financial and strategic management team is working with banks to finetune its view of the evolution of the…

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The ministries of telecom and information and broadcasting have agreed to use over 200 MHz spectrum earmarked for broadcasting services, the majority of which is with Doordarshan, for advanced mobile services. "Doordarshan may not need entire spectrum between 470-698 MHz. Once ITU decides it to be allocated for mobile services…