Liberty Global has agreed to buy its Dutch joint venture partner Vodafone’s stake in VodafoneZiggo for 1 billion euros ($1.18 billion) in cash, the companies said on Wednesday. It will then combine the Netherlands...
Telefonica sells Chile unit to NJJ, Millicom for $1.2 billion
Spanish telecoms giant Telefonica said on Tuesday it has sold its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, both owned by billionaire Xavier Niel, in line with Telefonica’s...
KKR, Singtel pay $5.2 billion for full control of data centre operator STT GDC
A KKR and Singapore Telecommunications consortium will pay S$6.6 billion ($5.2 billion) in cash to take full control of ST Telemedia Global Data Centres (STT GDC), the companies said on Tuesday, in an intensifying race...
Telenor sells its stake in Thailand’s True Corporation for $3.9 billion
Telenor said on Thursday it would sell its 30.3% stake in Thailand’s True Corporation for 39 billion Norwegian crowns ($3.92 billion), its second divestment from Asia in recent months, lifting the Norwegian...
California approves Verizon acquisition of Frontier, clearing way for closing
The California Public Utilities Commission on Thursday approved Verizon Communications’ $20 billion deal to acquire fiber-optic internet providers Frontier Communications, clearing the way for the deal to close on...
NCLT dismisses RCom plea seeking ₹325-crore refund from Ericsson
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday dismissed Reliance Communications Ltd’s (RCom’s) plea seeking a refund of nearly ₹325 crore from Swedish telecom equipment maker Ericsson...
UK’s Telecom Plus eyes acquisition of Ovo’s retail energy unit, FT reports
Utility group Telecom Plus Plc is in talks to acquire the retail energy business of UK energy supplier Ovo, the Financial Times reported on Friday, citing people familiar with the matter. The business could be worth...
Kenya to sell 15% Safaricom stake to Vodacom in $1.6 billion deal
Safaricom said late Wednesday that Kenya is selling a 15% stake in the telecom operator to South Africa’s Vodacom in a deal worth about $1.6 billion, as the government seeks to raise cash by offloading some state...
Mittal-led promoter entity to sell 0.6% stake in Bharti Airtel via bulk deal
Bharti Airtel Ltd’s promoter group entity, Indian Continent Investment, is set to sell a 0.56% stake at around $806 million ( ₹7,191 crore) in the telecom operator, according to deal terms. The Sunil Mittal-led promoter...
Abu Dhabi’s ADIA to sell 5% stake in Qatar telco Ooredoo
The Abu Dhabi Investment Authority will sell 160.5 million of its existing shares in Qatari telecommunications company Ooredoo, around half of its shareholding, in a secondary share offering, Ooredoo said on Monday. The...
British telecom firm SCG mulls sale at $1 billion valuation, Bloomberg News reports
British telecom and cloud services provider SCG is exploring a sale at a valuation of as much as 800 million pounds ($1.07 billion), Bloomberg News reported on Monday, citing people with knowledge of the matter. The...
Singtel offers to sell stake worth $1.18 billion in India’s Airtel, Bloomberg News reports
A unit of Singapore Telecommunications has offered to sell shares in India’s Bharti Airtel in a deal that could net about 103.5 billion rupees ($1.18 billion), Bloomberg News reported on Thursday, citing the terms...
