MTN denies that it is in talks with Reliance Communications regarding a potential merger. While Reliance's stock rose on speculation that it may sell a stake or merge with a foreign telecom company, an MTN spokeswoman stated that the rumors were untrue. Reliance is seeking funding to invest in its network and pay down debt, making it an attractive target for companies like Etisalat and MTN. However, MTN says it is not currently in discussions with Reliance.
"It will be tough to calculate, as the deal value will be highly negotiable. It will be interesting to
see the deal terms, as telecom is not on top of the list of investors and the sector has been going
through a lot of pain," said Jagannadham Thunuguntla, Equity Head at SMC Capital, a
brokerage firm.
"It will be tough to calculate, as the deal value will be highly negotiable. It will be interesting to
see the deal terms, as telecom is not on top of the list of investors and the sector has been going
through a lot of pain," said Jagannadham Thunuguntla, Equity Head at SMC Capital, a
brokerage firm.
Businessworld 20 May 2010 Telcos up as costly 3G auction ends;hurdles aheadJagannadham Thunuguntla
"Eventually, telecom stocks will come under pressure. No one has got an all-India licence, still the amount they are paying is not small. Their balance sheets will be stretched," said Jagannadham Thunuguntla, equity head SMC Capital in New Delhi.
“The 3G auction price will certainly act as a trigger for consolidation in the sector,” said Jagannadham Thunuguntla, the equity head for leading brokerage firm SMC Capital.
“But in the meanwhile, investors are not going to be kind to telecom stocks as the price paid for spectrum has been way above expectations,” Thunuguntla told IANS, adding these stocks were already out of favour since last year.
"It will be tough to calculate, as the deal value will be highly negotiable. It will be interesting to
see the deal terms, as telecom is not on top of the list of investors and the sector has been going
through a lot of pain," said Jagannadham Thunuguntla, Equity Head at SMC Capital, a
brokerage firm.
"It will be tough to calculate, as the deal value will be highly negotiable. It will be interesting to
see the deal terms, as telecom is not on top of the list of investors and the sector has been going
through a lot of pain," said Jagannadham Thunuguntla, Equity Head at SMC Capital, a
brokerage firm.
Businessworld 20 May 2010 Telcos up as costly 3G auction ends;hurdles aheadJagannadham Thunuguntla
"Eventually, telecom stocks will come under pressure. No one has got an all-India licence, still the amount they are paying is not small. Their balance sheets will be stretched," said Jagannadham Thunuguntla, equity head SMC Capital in New Delhi.
“The 3G auction price will certainly act as a trigger for consolidation in the sector,” said Jagannadham Thunuguntla, the equity head for leading brokerage firm SMC Capital.
“But in the meanwhile, investors are not going to be kind to telecom stocks as the price paid for spectrum has been way above expectations,” Thunuguntla told IANS, adding these stocks were already out of favour since last year.
London South East 20 May 2010 Telcos up as costly 3G auction ends;hurdles aheadJagannadham Thunuguntla
"Eventually, telecom stocks will come under pressure. No one has got an all-India licence, still the amount they are paying is not small. Their balance sheets will be stretched," said Jagannadham Thunuguntla, equity head SMC Capital in New Delhi.
The Gurdian 20 May 2010 Telcos up as costly 3G auction ends;hurdles aheadJagannadham Thunuguntla
"Eventually, telecom stocks will come under pressure. No one has got an all-India licence, still the amount they are paying is not small. Their balance sheets will be stretched," said Jagannadham Thunuguntla, equity head SMC Capital in New Delhi.
Reuters 20 May 2010 Telcos up as costly 3G auction ends;hurdles aheadJagannadham Thunuguntla
"Eventually, telecom stocks will come under pressure. No one has got an all-India licence, still the amount they are paying is not small. Their balance sheets will be stretched," said Jagannadham Thunuguntla, equity head SMC Capital in New Delhi.
2G spectrum scam took place in India in late 2000’s which involved politicians and government officials who tried illegal undercharging mobile telephone companies for frequency allocation licenses, which they would then use to create 2G spectrum subscriptions for mobiles. The entire process of allocation of UAS licences lacked transparency and was undertaken in an arbitrary, unfair and inequitable manner.
International Business News May 26, 2009 Bharti Airtel, MTN Resume Merger Tal...Jagannadham Thunuguntla
"There might be some earnings pressure on Airtel in the short term as it will take time to bear fruits of this merger. Post M&A jitters would affect scrip movement in near term," SMC Capitals Equity Head Jagannadham Thunuguntla said.
“At least three quarters if not four quarters of earnings per share dilution pressure will be there,” said Jagannadham Thunuguntla, chief strategist at SMC Capitals Ltd. in New Delhi. “Even for Bharti’s balance sheet, $8.5 billion is a substantial loan.” SMC rates Bharti “hold.”
The China Post Reliance shares climb after end of billionaire family feudJagannadham Thunuguntla
“They can now focus on business rather than court battles,” Jagannadham Thunuguntla, head of equity at SMC Capitals Ltd. in New Delhi, said by telephone.
Micro economic study of Indian telecom industryDipankar Mishra
The Indian mobile subscriber base is likely to sustain the rapid growth recorded in the past few years. Presence of skilled labour pool, improving telecom infrastructure, favourable demographics, rising disposable incomes of consumers, declining tariffs, increasing demand, growing attraction for mobiles with new features and greater availability of handsets at lower prices, are expected to continue driving the growth of the telecom sector, going forward.
However, the companies are likely to encounter a more challenging business environment in the near future, given the sustained fall in ARPUs, rapidly increasing competition and consequent pressure on margins and regulatory risks. Companies with good rural coverage, better operational efficiency, and superior quality of service are likely to stay ahead of competitors.
The industry will also witness the mergers of relatively smaller companies with the big players. Only big three or four players will dominate the market and direct price war may stop and Industry will agree on a standard pricing and competition will on the services and offerings.
London South East 20 May 2010 Telcos up as costly 3G auction ends;hurdles aheadJagannadham Thunuguntla
"Eventually, telecom stocks will come under pressure. No one has got an all-India licence, still the amount they are paying is not small. Their balance sheets will be stretched," said Jagannadham Thunuguntla, equity head SMC Capital in New Delhi.
The Gurdian 20 May 2010 Telcos up as costly 3G auction ends;hurdles aheadJagannadham Thunuguntla
"Eventually, telecom stocks will come under pressure. No one has got an all-India licence, still the amount they are paying is not small. Their balance sheets will be stretched," said Jagannadham Thunuguntla, equity head SMC Capital in New Delhi.
Reuters 20 May 2010 Telcos up as costly 3G auction ends;hurdles aheadJagannadham Thunuguntla
"Eventually, telecom stocks will come under pressure. No one has got an all-India licence, still the amount they are paying is not small. Their balance sheets will be stretched," said Jagannadham Thunuguntla, equity head SMC Capital in New Delhi.
2G spectrum scam took place in India in late 2000’s which involved politicians and government officials who tried illegal undercharging mobile telephone companies for frequency allocation licenses, which they would then use to create 2G spectrum subscriptions for mobiles. The entire process of allocation of UAS licences lacked transparency and was undertaken in an arbitrary, unfair and inequitable manner.
International Business News May 26, 2009 Bharti Airtel, MTN Resume Merger Tal...Jagannadham Thunuguntla
"There might be some earnings pressure on Airtel in the short term as it will take time to bear fruits of this merger. Post M&A jitters would affect scrip movement in near term," SMC Capitals Equity Head Jagannadham Thunuguntla said.
“At least three quarters if not four quarters of earnings per share dilution pressure will be there,” said Jagannadham Thunuguntla, chief strategist at SMC Capitals Ltd. in New Delhi. “Even for Bharti’s balance sheet, $8.5 billion is a substantial loan.” SMC rates Bharti “hold.”
The China Post Reliance shares climb after end of billionaire family feudJagannadham Thunuguntla
“They can now focus on business rather than court battles,” Jagannadham Thunuguntla, head of equity at SMC Capitals Ltd. in New Delhi, said by telephone.
Micro economic study of Indian telecom industryDipankar Mishra
The Indian mobile subscriber base is likely to sustain the rapid growth recorded in the past few years. Presence of skilled labour pool, improving telecom infrastructure, favourable demographics, rising disposable incomes of consumers, declining tariffs, increasing demand, growing attraction for mobiles with new features and greater availability of handsets at lower prices, are expected to continue driving the growth of the telecom sector, going forward.
However, the companies are likely to encounter a more challenging business environment in the near future, given the sustained fall in ARPUs, rapidly increasing competition and consequent pressure on margins and regulatory risks. Companies with good rural coverage, better operational efficiency, and superior quality of service are likely to stay ahead of competitors.
The industry will also witness the mergers of relatively smaller companies with the big players. Only big three or four players will dominate the market and direct price war may stop and Industry will agree on a standard pricing and competition will on the services and offerings.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
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how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
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Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
1. MTN denies talks with Reliance Comm
Friday June 4, 11:16 AM
By Agencies
South Africa's MTN Group said it was not in talks with India's Reliance
Communications,following a newspaper report on Thursday that Reliance was mulling a merger
with MTN.
Shares in Reliance Comm, India's No. 2 mobile operator, rose for a second straight day on
investors' hopes that it may sell a stake or consider a merger with a foreign telecoms firm that
would provide it with much needed funds. Etisalat of Abu Dhabi and MTN are seen as potential
partners.
Asked whether MTN was in talks with Reliance, MTN spokeswoman Nozipho January-Bardill
said:"That's not true.
"If we were talking to Reliance we would have told the market," she said.
Media reported Reliance Comm, controlled by billionaire Anil Ambani, was considering a
merger with MTN, with which the Indian firm had initiated tie-up talks in 2008 in an ultimately
thwarted deal.
India's 600 million-user cellular market is the world's fastest growing, but ferocious competition
and the need to spend billions of dollars on licences and network gear are squeezing operators,
with consolidation expected.
Reliance Communications said on Wednesday it had received proposals from international
telecoms firms to buy a strategic equity stake, after a newspaper report said Etisalat was eyeing a
25 per cent stake for Rs 180 billion ($3.9 billion), implying a sharp premium.
"Both look fairly reasonable, but the one which is from Abu Dhabi looks a little bit more
advanced," a person with knowledge of the matter said earlier on Thursday, declining to be
identified as the information is sensitive.
However, another person familiar with the situation who also declined to be identified, said that
with regard to Etisalat, it was "early days. No deal imminent."
Etisalat, which already has a startup joint venture in India, also said on Wednesday it was
looking to buy a stake in an Indian operator and was in talks with several firms but declined to be
specific.
2. Emirates Telecommunications Corp, or Etisalat, is being advised by Standard Chartered, sources
said.
Shares in Reliance Comm, India's No. 2 mobile carrier, ended 6.4 per cent higher on Thursday
after gaining 11 per cent on Wednesday, cutting its losses for the year, after being one of the
worst performers in the 30-share main BSE index.
"Nobody knows whether any of the deals would happen or not, but certainly windows of
opportunity are open for Anil Ambani," said Jagannadham Thunuguntla, equity head at SMC
Capitals in New Delhi, referring to Reliance Comm's billionaire chairman.
"If it is actually a stake sale, that's a good move. If the incoming party pays a good premium, it
would help them reduce some debt," Thunuguntla said.
MTN said in April it was in talks with the parent of Egypt's Orascom Telecom about a potential
deal. Those talks have been stymied, however, due to opposition from the Algerian government
over the sale of Orascom's Algerian unit, widely seen as its most attractive asset.
UNSHACKLED
Anil Ambani is free to court strategic investors after last month ending a non-compete agreement
with his long-estranged brother Mukesh. Two years ago, Anil Ambani's bid to merge Reliance
Comm with MTN was scuppered when Mukesh asserted a right of first refusal on the Indian
firm's shares.
Reliance Comm had net debt of about Rs 199 billion ($4.3 billion) at the end of March, while it
paid Rs 85.85 billion for acquiring third-generation spectrum licences in a recent auction that
was for more costly than expected.
The company is also one of the bidders in an ongoing auction of wireless broadband spectrum
licences, in which bids for all-India coverage licences have already hit $1.8 billion.
Building the next generation networks would cost billions of dollars more.
Reliance Comm has regulatory approval for an initial public offer of its telecoms tower unit,
which banking sources have said could raise up to $1 billion, but the company is yet to set a date
for the share sale.