by Paul Joseph
October 28, 2011
Featured
Rising running costs, rampant diesel pilferage and taxes are taking their toll on the cash flows of the country’s debt-laden telecom tower business, which is finding it almost impossible to raise cash from investors. The mouthwatering valuation enjoyed by tower firms two years ago is now history . Today, companies wanting to go public fear a thumbs-down from investors while those looking for a strategic share sale are waiting with their fingers crossed. “For these companies, the projections on which valuation were made have just not happened,” said Hemant Joshi, Partner, Deloitte Haskins & Sells. Source
Tagged as:
europe,
finance,
green,
india-food-news,
india-telecom,
infrastructure,
internet,
market,
network,
technology,
wireless
Read the full article →
by Paul Joseph
October 28, 2011
Featured
Six top executives of mobile phone companies are hunting for new jobs, signalling bad times for a sector that was once touted as the symbol of India’s growth story. Those looking for a career change include the CEO of one of India’s largest telecom operators and the heads of two new entrants. “India’s telecom story is over. Industry revenues have not gone up in two years,” admitted the promoter of one of the largest mobile phone companies. Source
Tagged as:
electronics,
europe,
india,
india-telecom,
indian,
latin-america,
people,
technology,
telecom,
wireless
Read the full article →