swatkats
The TroubleShooter!
Beam Telecom is now ACT Fibernet
Update:
*www.deccanchronicle.com/140807/business-companies/article/beam-fiber-get-brand-makeover-hyderabad-soon
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Some Insights:
Looks like the entire deal went for 700+ Crores.
ACT revenue mostly could have clocked over 400 Crores FY-14
Beam telecom could be ACT broadband anytime. If you are thinking what's there to wonder? Don't expect Speed bumps at regular intervals and expect Poor post FUP plans which ACT offers for bangalore or Chennai right now.
If Such pathetic broadband plans come from Ex-Beam in future, there would be no competition in Hyderabad.
Update:
*www.deccanchronicle.com/140807/business-companies/article/beam-fiber-get-brand-makeover-hyderabad-soon
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Atria Convergence Technologies, which is controlled by India Value Fund Advisors, has hiked its stake in Beam Telecom to 80 per cent and intends to fully acquire it soon. Atria has acquired additional 20 per cent stake of the promoters of Beam Telecom and has an agreement to buy out their residuary stake in the Hyderabad-based broadband company.
Atria hikes stake in Beam Telecom to 80%; plans to invest Rs 2 bn in cable TV & broadband biz | TelevisionPost.com
Some Insights:
Looks like the entire deal went for 700+ Crores.
ACT revenue mostly could have clocked over 400 Crores FY-14
Beam telecom could be ACT broadband anytime. If you are thinking what's there to wonder? Don't expect Speed bumps at regular intervals and expect Poor post FUP plans which ACT offers for bangalore or Chennai right now.
If Such pathetic broadband plans come from Ex-Beam in future, there would be no competition in Hyderabad.
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