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VAS major OnMobile Global’s largest institutional investor sells 4.8% stake

Monday, July 2, 2012 | More »

Bangalore-based telecom value added services (VAS) company OnMobile Global saw its scrip hit a new low on the Bombay Stock Exchange on Monday as its largest institutional investor Smallcap World Fund sold three fourth of its 6.25 per cent holding in the company in the last two trading sessions. The ...

Tulip Telecom CEO Sanjay Jain Resigns

Enterprise data services provider Tulip Telecom Ltd’s CEO, Sanjay Jain has resigned from the company due to personal reasons, according to a company statement to the Bombay Stock Exchange. Jain was the CEO of Tulip Telecom since October 2009 and prior to that he was CFO at Essel Group. In a separa...

10 February, 2012 | More »

Subex Signs Asset Purchase Deal With NetCracker To Sell Activation Biz

Bangalore-based Subex Ltd, a global provider of operations and business support systems in the telecom space, has signed an asset purchase agreement with NetCracker Technology, a subsidiary of the NEC group, for the sale of its activation business for an undisclosed sum, the company has announced in...

21 September, 2011 | More »

OnMobile Apr-Jun Net Profit Slump 31%

Bangalore-based VAS company OnMobile Global Ltd’s scrip crashed to its lowest level since listing in early 2008, after its consolidated net profit for the quarter ended June 30, fell 31.2 per cent over the year ago period to Rs.12.8 crore, as higher costs of operations and slow revenue growth ate ...

5 August, 2011 | More »