Tata Communications to pay fines to Reliance Communications
Tata Communications has now been told to pay damages and fines to rival company Reliance Communications.
These fines are related to the dispute in which Reliance Globalcom was denied access to cable landing station in Mumbai.
Reliance said that the fines would come to around $21.42 million including interest [...]

Reliance Globalcom acquires majority stake in eWave World
Reliance Communications has announced that their subsidiary Reliance Globalcom has now acquired 90 per cent stake in eWave World.
eWave World is a UK based telecom company which specializes in offering wireless telephony services using WiMAX technology.
The financial aspects of this deal have not been revealed to the media.
Punit [...]