Honest 836 Report post Posted September 1, 2008 IOL Netcom to provide CDMA mobile services 1 Sep, 2008, 1910 hrs IST, ET NEW DELHI: Internet services provider IOL Netcom Monday said it has signed an agreement with the telecom operator Mahanagar Telephone Nigam Ltd (MTNL) to provide CDMA mobile services. "IOL Netcom announces it has entered into a CDMA franchisee agreement with MTNL as a lead consortium partner to provide CDMA mobile services in India's two largest cities Mumbai and Delhi which have the highest tele-density and growth," the company said in a statement said. The company plans to introduce its 'IOL mobile' brand within 90 days, the statement added. IOL Netcom Ltd is a commercial metro ethernet fibre network infrastructure company with a focus on broadband services such as Internet protocol television (IPTV) and video on demand. The combined average revenue per user is expected to be over Rs.450 per month with a targeted base of over one million in the next few months, the statement said. The initiation of IOL Netcom's CDMA mobile services will now allow IOL Netcom to offer multiplay services comprising mobile, data card, desktop CDMA phone, IPTV, broadband and voice over internet protocol. Share this post Link to post Share on other sites
vmsanghrajka 0 Report post Posted September 1, 2008 Is this something like TATA-Virgin deal?? Coz IOL doesn't have telecom license.. Share this post Link to post Share on other sites
Honest 836 Report post Posted September 1, 2008 ^^^ My dear friend, it seems that this deal is like TATA-Virgin only. As in this case also IOL is going to compete with MTNL's own Garuda CDMA like Virgin is competing with TATA CDMA. Regards. Share this post Link to post Share on other sites
Honest 836 Report post Posted September 1, 2008 IOL Net is MTNL's CDMA franchisee 2 Sep, 2008, 0042 hrs IST, ET MUMBAI: IOL Netcom, a Mumbai-based broadband firm, will offer wireless telephony services using CDMA technology as a franchisee of government-owned Mahanagar Telephone Nigam Ltd (MTNL) in Mumbai and Delhi. This initiative comes after the business failed to bring in any significant revenues into MTNL’s coffers. In a notice to the stock exchanges, IOL Netcom, with net sales of Rs 3 crore for quarter ending June 2008, said it has entered into CDMA franchisee agreement with MTNL as a lead consortium partner to provide CDMA mobile services in India’s two largest cities Mumbai and Delhi which have the highest tele density. IOL Netcom plans to introduce its ‘IOL mobile’ brand within 90 days. Interestingly, Videocon, which has acquired a 14.9 per cent stake in IOL Netcom, said that it has no problems with the company launching wireless telephony services which would compete with its own wireless telephony service company, Datacom. The IOL Mobile brand would compete with MTNL’s own CDMA brand called Garuda which has failed to take off in Mumbai and Delhi in spite of its private sector competitors, Reliance Communications and the Tatas making a success story of their CDMA offerings. MTNL offers wireless telephony services using both the CDMA, or code division multiple access, technology and GSM (global system for mobile) technology to its users. Till July-end, MTNL had 16,41,338 GSM customers in New Delhi and 18,95,910 customers in Mumbai, as per statistics submitted to the Cellular Operators Association of India (COAI). The COAI numbers does not include CDMA customers. Siddharth Srivastava, President of IOL Netcom said the company bid for MTNL’s tender when it sought franchisee partners in Mumbai and Delhi for its “significant” spare CDMA capacity in Mumbai and Delhi. “We are now ready with our CDMA services and by Diwali we will launch our services in Mumbai and Delhi,” said he. Srivastava did not rule out launching GSM services in future and added that the company would be happy to partner with MTNL for its 3 generation (3G) telephony services roll out. “We are now a full-fledged telecom company offering end-to-end multi-play services,” he said. The company is expecting to add one million wireless telephony customers in the next few months with a combined average revenue per user (ARPU) which is expected to be over Rs 450 per month. The revenue from this service is expected to contribute significantly to the top line of the company, he said. MTNL’s CDMA business, offering mobile services under the Garuda brand, has not been doing too well. MTNL has reduced rentals and tariffs for Garuda on many occasions. However, due to the general preference for GSM services in the country and poor marketing, Garuda never took off. Also, since Mumbai and Delhi are already high tele-density metros, there is little scope for MTNL to improve business here. In such a scenario, pricing cannot be the only differentiating factor. Share this post Link to post Share on other sites
Greatest 55 Report post Posted September 2, 2008 another cdma in the race!! Share this post Link to post Share on other sites
Honest 836 Report post Posted September 12, 2008 IOL Netcom to raise $36 mn via GDRs: Official 12 Sep, 2008, 1600 hrs IST, PTI MUMBAI: Broadband services provider IOL Netcom Ltd will raise about $36 million through the issue of Global Depositary Receipts to fund its expansion plans, a top official said on Friday. "We want to close it by the end of September," Siddarth Shrivastava, president, told Reuters. The company is also raising about 720 million rupees through the issue of 6 million preferential warrants to specific investors, entitling them to apply for an equivalent number of equity shares. The company, which has recently signed a franchisee agreement with state-owned Mahanagar Telephone Nigam Ltd, has a fund requirement of $100 million in the next two quarters, Shrivastava said. Share this post Link to post Share on other sites
