With the aim to become the first operators in the world to launch 4G, TeliaSonera has signed contracts with Ericson and Huawei and by 2010; the 4G network would be rolled out commercially.
It won't be wrong to say that this contract has made an important step in the evolution of TeliaSonera to the next generation network.
For the initial 4G City network in Stockholm, Ericson has been chosen by TeliaSonera, while for the initial 4G City network in Oslo, Huawei has been selected. Furthermore, it has also been learnt that the evaluation of suppliers for its 4G networks in the Nordic and Baltic countries are said to be on.
The channel business by the Security vendor, Trend Micro is being restructured in India, and already the Delhi-based ACPL and Chennai-based Raksha Technologies have been elevated as sub-distributors.
It has also been learnt that by the end of this month, the consumers will also be able to avail security offerings from the vendors, who are also betting on retail strategy. It will also be good to know that all the retail outlets across the country will have Trend Micro Internet Security and Security Pro.
Higher input costs and global slowdown adversely hit the business of state operated Steel Authority of India (SAIL) for the third quarter of current financial year.
The steel giant registered 56.4% decline in net profit for the quarter ended December 31, 2008 leading to a setback for its expansion plans amid recessionary waves across the world.
Vijay Mallaya owned United Spirits Ltd (USL) is all set to strike a strategic deal with Diageo, producer of leading brands Johnnie Walker whiskies and Smirnoff Vodka, in days to come, paving a way for representation in USL board by Diageo.
Diageo may pick up a minority stake of 14.9% in Mallya's United Spirits (USL) that controls about 55% of the spirits market in India. USL group that owns large reserves of treasury stocks may offload these stock reserves in order to arrange funds for its growing capital needs.
Asia's second-largest foreign telecoms operator, Telenor has scrapped its plans for a share issue to fund an Indian mobile operator, Unitech Wireless, following stiff opposition from shareholders. The firm said that it has also stopped dividend payout for 2008 and
2009.
The Norwegian telecom operator said that it would now arrange funds through debts and other financial modes. It has signed a loan worth Rs 8 billion Norwegian Krone that would be used to finance the Unitech Wireless deal.
India's largest passenger carmaker, Maruti Suzuki, has decided to hike prices of its various models following foreign currency fluctuations and rise in input prices. The prices have been revised in the range of Rs 5,000-10,000 and would be effective from January 28 onwards. However, prices of economy-end vehicles like M800, Omni, Alto, WagonR, Zen Estilo, Gypsy, and Versa besides the SUV Grand Vitara were not increased.
With the aim to become the first operators in the world to launch 4G, TeliaSonera has signed contracts with Ericson and Huawei and by 2010; the 4G network would be rolled out commercially. 
The channel business by the Security vendor, Trend Micro is being restructured in India, and already the Delhi-based ACPL and Chennai-based Raksha Technologies have been elevated as sub-distributors.
Higher input costs and global slowdown adversely hit the business of state operated Steel Authority of India (SAIL) for the third quarter of current financial year.
Vijay Mallaya owned United Spirits Ltd (USL) is all set to strike a strategic deal with Diageo, producer of leading brands Johnnie Walker whiskies and Smirnoff Vodka, in days to come, paving a way for representation in USL board by Diageo.
Asia's second-largest foreign telecoms operator, Telenor has scrapped its plans for a share issue to fund an Indian mobile operator, Unitech Wireless, following stiff opposition from shareholders. The firm said that it has also stopped dividend payout for 2008 and 
India's largest passenger carmaker, Maruti Suzuki, has decided to hike prices of its various models following foreign currency fluctuations and rise in input prices. The prices have been revised in the range of Rs 5,000-10,000 and would be effective from January 28 onwards. However, prices of economy-end vehicles like M800, Omni, Alto, WagonR, Zen Estilo, Gypsy, and Versa besides the SUV Grand Vitara were not increased.
