Chinese telecom major China Mobile in talks with Vodafone Idea and Airtel to jointly develop a cloud network in India.
Indi-Chini Bhai Bhai: Chinese telecom major China Mobile is reportedly in talks with Indian telecom players Vodafone Idea and Airtel to jointly develop a cloud network in India.
China Mobile could acquire a significant stake in a joint venture with the Indian telecom firms through a holding company structure, which would give China Mobile board seats and voting rights in the Indian telecom companies even as it would not need to get involved in the day-to-day operations.
Good to Know: China Mobile is the largest wireless carrier in China with 930m mobile customers and 170m wireline customers. CNBC TV18
Swipe Right: Bharti Airtel's $2bn qualified institutional placement (QIP), the largest such share sale by a private company in India has been subscribed more than three times, gathering pledges worth $9-10bn, as per sources.
Airtel had launched the QIP on Wednesday at a floor price of ?452 per share, and a separate foreign currency convertible bond (FCCB) issue of up to $1bn. ET Markets News
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