Network infrastructure company SAR Televenture Limited has acquired a majority stake in internet service provider, Tikona Infinet Limited in a share swap deal for Rs 578 crore. The acquisition comes amidst the struggles...
Govt to raise stake in Vi to 49% with fresh acquisition worth Rs 37,000 cr
The government has agreed to raise stake in Vodafone Idea to 48.99 per cent with fresh acquisition of shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues, the company said in a regulatory filing on...
GX Group acquires Ping Communication; eyes $50 million business in LATAM
Telecom gear maker GX Group has acquired Switzerland-based broadband and fiber solution provider Ping Communication to expand its presence in Europe, the Middle East and Latin America, the company said on Friday. GX...
Poste Italiane in talks to buy part of Vivendi’s TIM stake, sources say
Poste Italiane is in talks with Vivendi to buy part of its stake in Telecom Italia (TIM), in a move which would make the state-backed conglomerate the leading investor in the former phone monopoly, three sources close...
AT&T in talks to buy Lumen’s consumer fiber unit, Bloomberg News reports
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...
