Mumbai-based Dynamix Balwas group of companies. The group, which owns the property that the Le Royal Meridien hotel operates out of in a Mumbai suburb close to the international airport in that city, has a majority stake in Swan Telecom Pvt. Ltd through two levels of holding companies.------------------------------------------------------------------------------------------------------------------------------------------------------------------
India's Swan Telecom, in which Emirates Telecommunications has bought a 45% stake for around $900 million, plans to launch its first telecoms operation during the April-June quarter of 2009, a Reuters report said.
The Reuters report further quoted Shahid Balwa, Swan Telecom managing director saying that 'as of today, we have got spectrum in 10 circles.'
'We will be launching our first operation in the first quarter of next financial year,' Shahid Balwa told Reuters.
The spectrum in 10 circles includes the lucrative Delhi service area, he said. Swan has telecoms licences for 13 of India's 22 service areas later.
Balwa said the Indian shareholders would remain the controlling stakeholders in Swan after the Etisalat deal, which was announced earlier.
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It is an independent telecommunications company based in the South East and serving the whole of the UK. __________________________________________________________________________________
Thursday, June 11, 2009
ABU DHABI, DUBAI: Etisalat DB announced the 'change of name' of the erstwhile Swan Telecom, a joint venture between Etisalat and DB Realty.
The company has officially been re-named as Etisalat DB Telecom India Pvt. Ltd. The company is headquartered in Mumbai, India.
Etisalat DB India Pvt. Ltd has been awarded the unified services access license in 15 circles including Andhra Pradesh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Maharashtra, Mumbai, Punjab, Rajasthan, Tamil Nadu (including Chennai), Uttar Pradesh (East), Uttar Pradesh (West), Madhya Pradesh and Bihar.
These licenses enable the Company to provide a full spectrum of telecom services covering a population of over 900 million across India. The services will include national and international long distance telephony solutions, full range of prepaid and postpaid products, national and international roaming and value added services, which includes voice mail, audiotex services, video conferencing, videotex, e-mail, closed user group.
Swan Telecom has received a licence for rolling out operations in 13 of the 22 telecom licensed areas in the country.
The firm is yet to receive spectrum rights to roll out mobile phone services, but claims it is first in the queue to receive frequency.
The ownership of the company, which initially was linked with Reliance Communications Ltd, or RCom, India’s second largest wireless phone services firm, has not been clear until now.
RCom, which held less than 10% in the company, said earlier last year that it had sold its stake but declined to comment to whom.
Under Indian telecom rules, a company holding a telecom licence in one licensed area is not allowed to own more than 9.9% of another phone firm.
India's Swan Telecom, in which Emirates Telecommunications has bought a 45% stake for around $900 million, plans to launch its first telecoms operation during the April-June quarter of 2009, a Reuters report said.
The Reuters report further quoted Shahid Balwa, Swan Telecom managing director saying that 'as of today, we have got spectrum in 10 circles.'
'We will be launching our first operation in the first quarter of next financial year,' Shahid Balwa told Reuters.
The spectrum in 10 circles includes the lucrative Delhi service area, he said. Swan has telecoms licences for 13 of India's 22 service areas later.
Balwa said the Indian shareholders would remain the controlling stakeholders in Swan after the Etisalat deal, which was announced earlier.
------------------------------------------------------------------------------------------------------------
It is an independent telecommunications company based in the South East and serving the whole of the UK. __________________________________________________________________________________
Thursday, June 11, 2009
ABU DHABI, DUBAI: Etisalat DB announced the 'change of name' of the erstwhile Swan Telecom, a joint venture between Etisalat and DB Realty.
The company has officially been re-named as Etisalat DB Telecom India Pvt. Ltd. The company is headquartered in Mumbai, India.
Etisalat DB India Pvt. Ltd has been awarded the unified services access license in 15 circles including Andhra Pradesh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Maharashtra, Mumbai, Punjab, Rajasthan, Tamil Nadu (including Chennai), Uttar Pradesh (East), Uttar Pradesh (West), Madhya Pradesh and Bihar.
These licenses enable the Company to provide a full spectrum of telecom services covering a population of over 900 million across India. The services will include national and international long distance telephony solutions, full range of prepaid and postpaid products, national and international roaming and value added services, which includes voice mail, audiotex services, video conferencing, videotex, e-mail, closed user group.
New entrant: Vinod K. Goenka, a majority partner in Swan Telecom.
Swan Telecom has received a licence for rolling out operations in 13 of the 22 telecom licensed areas in the country.
The firm is yet to receive spectrum rights to roll out mobile phone services, but claims it is first in the queue to receive frequency.
The ownership of the company, which initially was linked with Reliance Communications Ltd, or RCom, India’s second largest wireless phone services firm, has not been clear until now.
RCom, which held less than 10% in the company, said earlier last year that it had sold its stake but declined to comment to whom.
Under Indian telecom rules, a company holding a telecom licence in one licensed area is not allowed to own more than 9.9% of another phone firm.
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