Trai leash on newbies (The Telegraph India) (via wikio.com)

... 45 per cent to the UAE’s Etisalat for $900 million. Batelco, or Bahrain Telecom, along with Dubai’s Millennium Private Equity paid $225 million for a 49 per cent stake in Chennai-based STel. The deals were largely funded by new shares.The regulator’s recommendations can affect the expansion plans of Datacom and Loop Telecom, which are in talks with several foreign players for a stake...Source : The Telegraph India (subscribe)Explore : Asia, India, World http://tinyurl.com/b9uxck