Ericsson inks record $2 billion deal with India&#39;s Bharti
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Telecoms giant Ericsson said Wednesday it had won a 2.0-billion-dollar order from India&#39;s Bharti Airtel to expand its network into rural areas, the largest order ever received by the Swedish company.
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MUMBAI, DECEMBER 27: The promoters - who hold 46 per cent stake of Reliance Industries â-ill be the biggest beneficiaries of the up to Rs 2,999 crore buyback of shares announced by the company on Monday.
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Microsoft is to form multi-million pound partnerships with two Indian software firms, and is expected to double the 1,500 people it already employs in India.
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Boston Communications Group Inc. of Bedford, a major US provider of prepaid wireless services, yesterday said it has agreed to be purchased by an Indian company for $65 million.
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ECI Telecom, an Israeli maker of telecommunications equipment, agreed to be bought by the Swarth Group and the Ashmore Group for $1.2 billion.
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Telecommunications equipment  maker Ericsson AB  will buy data networking  equipment vendor Redback Networks Inc.  for $2.1  billion in cash, the companies said on Tuesday.
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Ericsson said Friday that it received contracts to build wireless communications networks in China and South Africa. China Telecom Corp.
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Patni Computer Systems Ltd., an Indian outsourcing firm with its US headquarters in Cambridge, has agreed to pay more than $2.4 million after federal investigators found it underpaid hundreds of employees hired under a controversial visa program for highly skilled foreign workers.
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Reliance Industries (RIL) has earmarked Rs 2,999 crore for the share buyback, making it the largest ever buyback in the history of corporate India.
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Mobile phone major Bharti Enterprises, which plans to enter India's retail market with Wal-Mart, said Friday its agreement with the US-based giant was within the rules set for investments in the sector.
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India's state-owned telecom provider signs $8.2 million contract with the company.
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Redback Networks Inc., which makes routers used to direct data over broadband networks, said late Tuesday it has agreed to be acquired by Swedish mobile phone equipment maker LM Ericsson for $2.1 billion in cash.
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Nokia Siemens Networks won a $900 million contract from India's largest mobile phone operator, Bharti Airtel Ltd., to help expand its communications network, both companies said Tuesday.
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Mobile phone firm Bharti Enterprises, which aims to start a chain of retail stores in India with US-based Wal-Mart, said it will invest up to 2.5 billion dollars in the project by 2015.
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STOCKHOLM, Sweden --(Business Wire)-- Dec. 10, 2004 -- Ericsson (NASDAQ:ERICY) has been awarded a contract by China Telecom Corporation Limited (China Telecom) for building its next-generation IP backbone
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Viacom said it would pay its new chief executive $2 million in salary, as a way to limit cash compensation and tie most of the compensation to the performance of ViacomÂs stock.
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LM Ericsson, the world's largest maker of wireless networks, on Friday said earnings grew 12 percent in the second quarter, boosted by strong sales in Asia.