The telecom sector keeps
generating deals, from the recent
Telmex spinoff to Sprint Nextel Corp.'s $14.5 billion WiMax JV with Clearwire Corp. to Verizon Wireless' $28 billion deal for Alltel Corp. And let's not forget the $40 billion
Chinese telecom overhaul announced earlier this month.
Now comes news that Tata Communications International Pte. Ltd. is buying a 50% stake in China Enterprise Communications Ltd. CEC has network reach throughout China, with no regional restrictions on its service capabilities. It provides virtual private network connectivity in 347 cities in China.
Tata has VPN presence in 120 Indian cities and 19 other major business capitals in North America, Europe and Asia. The Chinese telecom market can be a lucrative one to tap, but the Indian market seems tough enough for Tata to keep up with: The total wireless subscriber base in India stood at 269.3 million,
possibly heading to 484 million by 2011.
In other telecom news from Tuesday, Singapore Telecommunications Ltd. said it was in
talks with Chinese telecommunications operators as part of its overseas expansion plans.
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Baz HiralalTata signs Equity Joint Venture with CECGlobal telecom is consolidating, so who's next?JV spotlights Indian wireless boom
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