Waterloo Canada-based Blackberry announced its partnership with New Delhi, India-based Optiemus Infracom, an existing distribution partner for BlackBerry devices in the country. Blackberry will license device software and brand assets to Optiemus, which will design, manufacture, sell, promote, and support BlackBerry-branded devices in India, Sri Lanka, Nepal and Bangladesh.
Alex Thurber, senior vice president, general manager, Mobility Solutions at BlackBerry said, “India is a very important market for BlackBerry, so we are delighted our latest licensing partnership will extend the BlackBerry software experience to more customers and support the Indian government’s ‘Make In India’ agenda. This is an important milestone in our strategy to put ‘the smart in the phone’, providing state-of-the-art security and device software on a platform relevant to mobile customers, with more localization.”
BlackBerry will continue to control and develop its security and software solutions and maintain trusted BlackBerry security software, including regular Android security updates to the platform, reports telecomlead.
March 20, 2017 No Comments
The Mississauga, Ontario-based Magellan Aerospace announced plans to construct a manufacturing and assembly plant in India. The 140,000 sq ft building will be constructed on seven acres in the Aerospace Special Economic Zone near the Bangalore International Airport. The company provides complex assemblies for aircraft and engine manufacturers, and defense and space agencies.
Phillip Underwood, president and chief executive officer said, “Magellan’s expanding footprint in India, and increasing spectrum of capabilities, reflects the company’s commitment to provide competitive solutions for major commercial customers.”
The CDN $28 million manufacturing and assembly plant will be constructed in three phases, and Magellan plans to break ground for it in June reports Canadian Business. The unit will support the production of larger work packages for major structural assemblies, fabrications, and machined components for the global market, the company announced.
February 22, 2017 No Comments
Canadian institutional money is pouring into India. One of our earlier blogs talks about Toronto-based Brookfield acquiring the telecom towers of India’s Reliance Communications. The Brookfield-Reliance Infratel transaction worth $1.6 billion is the second-biggest private equity transaction ever in the country.
Last October, in one of India’s largest deals in the commercial property space, Brookfield Asset Management acquired Hiranandani Group‘s 4.5 million square feet of offices and retail space in Powai, Mumbai, for approximately $1 billion.
“Our long investment horizon aligns to the financing and capital needs of India’s economy, growing entrepreneur culture and the strength of business in the country,” says Suyi Kim, Managing Director, Head of Asia Pacific at CPPIB.
February 10, 2017 No Comments
Brookfield Infrastructure Partners, a private investment firm headquartered in Canada, will buy the telecom tower business of Reliance Communications Ltd (RCOM) for $1.6 billion in cash. This deal is the second biggest private equity deal ever in India.
RCOM’s telecom towers are part of Reliance Infratel Ltd and these will be de-merged into a separate company which will be wholly owned and independently managed by Brookfield Infrastructure, creating the second-largest independent and operator-neutral towers company in India. Private investors George Soros’ Quantum, private equity firm New Silk Route and other investors who had a share in Reliance Infratel were also paid out.
RCOM will receive Class B non-voting shares in the new tower company, providing 49% future economic upside in the firm, based on certain conditions, reports VCCircle. RCOM said it will use the cash payment to reduce 70% of its existing debt.
January 3, 2017 No Comments
With the prospect of U.S. Government duties being levied on Canadian lumber, Mike de Jong, British Columbia‘s minister of finance, is looking to sell softwood lumber to customers in India and China, reports Canada Business.
De Jong said, “We are amplifying our efforts to do something we did around (the last) softwood negotiations and that is diversify our markets. We have redoubled our efforts in India and are beginning to see results. We are in China now to further encourage efforts at reducing our dependence on a U.S. market that may become somewhat unpredictable.”
December 18, 2016 No Comments