Network gear maker Cisco Systems Inc and Acacia Communications Inc said on Wednesday China was yet to approve their proposed acquisition deal, already cleared by the United States, Germany and Austria. The acquisition...
Sweden’s Sinch to buy India’s ACL Mobile for $70 million
Fast-growing Swedish cloud computing services provider Sinch AB said on Monday it had agreed to buy Indian firm ACL Mobile for about $70 million (INR 5,350 million) in cash, its third large acquisition since the start...
Telstra to book $195 million Foxtel stake impairment charge on News Corp writedown
Australia’s Telstra Corporation said on Friday it expects to recognise an impairment charge of about A$300 million ($195.12 million) against its investment in a 35% stake in the Foxtel joint venture with Rupert...
Verizon snaps up Zoom rival BlueJeans for less than $500 million
Verizon Communications Inc on Thursday agreed to buy BlueJeans Network Inc, a rival of Zoom Video Communications Inc, for less than $500 million as it looks to tap into the new-found popularity of video-conferencing...
Telecom Italia holds out for control of single broadband network
Telecom Italia (TIM) expects to make decisive progress this year on plans to provide Italy with ultra-fast broadband, but it will never accept a minority stake in any unified network created by a tie-up with smaller...
Dish TV’s Merger Talks With Airtel Digital Stall
Dish TV India Ltd.’s talks to merge with Airtel Digital TV have stalled on differences over the deal’s structure, according to people with knowledge of the matter. Essel Group’s Dish TV has opted to explore a sale of...
Tata Communications acquires Netherlands-based IoT company Teleena
Digital infrastructure company Tata Communications announced on Wednesday the acquisition of Netherlands-based Internet of Things (IoT) firm Teleena which specialises in connectivity and mobile virtual network...
Avaya India moves NCLT against Reliance Communications
Communications solutions provider Avaya India has moved the National Company Law Tribunal (NCLT) against Reliance CommunicationsBSE 1.69 % (Rcom) for recovery of Rs 7.5 crore. “Rcom has not paid dues for call centre...
Tata Communications board approves demerger of surplus land via HPIL
Tata Communications’ board on Wednesday approved proposal to demerge around 773 acres surplus land of government through special purpose vehicle firm Hemisphere Properties India Limited (HPIL). “…the broad of...
China’s Transsion picks up 80% stake in Spice Mobile
Chinese communications firm Transsion Holding has picked up 80% stake in Spice Mobile as it aims to garner a larger market share in the fiercely competitive Indian mobile handset market. “The brand Spice mobile was...
NTT says Tata-Docomo row resolved, to invest $160 million in Netmagic
Japanese tech firm NTT Communications on Thursday said the row between its sister concern NTT Docomo and domestic conglomerate Tata Sons, which has been resolved now, has no impact on its business plan for India. NTT...
TPG-backed RCN buys broadband provider Wave for $2.37 billion
Private equity firm TPG Global LLC said on Monday it would buy Wave Broadband for $2.37 billion in a deal that creates the sixth largest U.S. cable operator at a time when demand for high-speed internet service is...