AT&T is in talks to acquire Lumen Technologies’ consumer fiber operations, in a deal that could value the unit at more than $5.5 billion, Bloomberg News reported on Tuesday, citing people with knowledge of the...
Argentina suspends Telecom’s purchase of Telefonica unit
Argentina’s presidential office on Friday said it issued a preventive measure to suspend Telecom’s acquisition of Telefonica’s local unit, claiming the pending merger could lead to excessive market...
Vodafone Idea in talks with Starlink, Amazon Kuiper for satcom partnership amid 5G push
Vodafone Idea (Vi) is in talks with global satcom majors, such as Elon Musk’s Starlink and Amazon Kuiper, for potential partnerships, even as the relative industry straggler doubles down on rolling out its 5G services...
Govt not privatising telecom firms BSNL, MTNL, says Union MoS Pemmasani Chandra Sekhar
India is not privatising telecom firms Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), deputy Communications Minister Pemmasani Chandra Sekhar said in reply to a parliament question on...
Telecom company Mitel files for bankruptcy to cut $1 bln in debt
Telecommunications company Mitel Networks Corp filed for Chapter 11 bankruptcy protection in Texas late Sunday, seeking to complete a restructuring that will eliminate $1.15 billion in debt. Mitel entered bankruptcy...
Spain’s Telefonica sells Argentina unit for $1.25 billion
Spanish telecoms company Telefonica has sold its unit in Argentina for $1.245 billion to Telecom Argentina as part of its strategy to gradually reduce its exposure to Latin America, it said on Monday evening. The...
United Group sells Serbia Broadband to e& PPF Telecom Group, disposes other assets
Balkan telecoms and media company United Group has agreed to sell its broadband provider Serbia Broadband to e& PPF Telecoms Group and other assets to Telekom Srbija in a deal with an enterprise value of 1.5 billion...
Indus Towers to acquire telecom sites of Airtel, Hexacom for Rs 3,309 cr
Telecom infrastructure firm Indus Towers will acquire mobile sites of its parent firm Bharti Airtel and sister concern Bharti Hexacom for Rs 3,308.7 crore, the company said in a regulatory filing. The boards of Bharti...
Airtel, Vodafone Idea exit Wi-Fi JV Firefly Networks
Bharti Airtel and Vodafone Idea have each signed a deal to sell their respective stakes in Firefly Networks, a Wi-Fi infrastructure provider, to digital infrastructure solutions provider iBus Network and Infrastructure...
UK approves Indian group Bharti’s purchase of 24.5% stake in BT
The British government on Monday approved Indian group Bharti Global’s purchase of a 24.5% stake in London-listed BT, following a detailed national security assessment and assurances from the telecoms company. The...
Indus Towers to acquire 26% in JSW Green Energy Eight
Indus Towers will acquire a 26% stake in JSW Green Energy Eight Ltd, a special purpose vehicle (SPV) involved in the renewable energy space, for a cash consideration of Rs 38.03 crore, the telecom tower company informed...
Indonesia’s XL Axiata, Smartfren agree to $6.5 bln merger
Indonesian telcos XL Axiata, Smartfren Telecom and its unit Smart Telcom (SmartTel) have agreed to merge to create an entity with an enterprise value of 104 trillion rupiah ($6.5 billion), the companies said on...
