Sunday, March 05, 2006

WIRELESS NEWS: Investors welcome India's Reliance

By Daily Wireless Updates, Power by Cogni360

Daily Wireless News & Updates.- Investors love the prospect of wireless growth in India. Reliance Communications Ventures, the holding group for India's second-largest mobile phone carrier, made a strong debut on the Bombay Stock Exchange, entering the market with a valuation around $8 billion. Last week, Hong Kong conglomerate Hutchison Whampoa said it too is planning an IPO of its Indian unit, Hutchison Essar, later this year. Along with China, India's wireless market is one to watch for explosive growth. For more telecom news go to: Telecommunicate and Daily WiFi News.


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