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...
Spark New Zealand to sell stake in mobile towers business to Canada’s CDPQ for $182 mln
Spark New Zealand will sell its remaining 17% stake in mobile towers firm Connexa for NZ$314 million ($181.77 million) to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ), the telecom company said...
Indonesia’s XL Axiata, Smartfren to merge, with $6.5 bln enterprise value
Indonesian telcos XL Axiata, Smartfren Telecom and Smart Telcom (SmartTel), a unit of Smartfren, said on Wednesday they have agreed to merge to create a combined entity with an enterprise value of 104 trillion rupiah...
Britain approves $19 billion Vodafone-Three mobile merger
Britain on Thursday approved the $19 billion merger between Vodafone UK and Hutchison’s Three UK to create the country’s biggest mobile operator and reduce the number of networks to three from four. The...
UK’s Vodafone sells 3% Indus stake in multiple block deals for Rs 2,801.7 crore; Morgan Stanley, BoFA, Bla
UK’s Vodafone Group Plc has sold its remaining 3% stake in Indus Towers via multiple block deals to a host of marquee global investment banks, international alternative asset managers, big-ticket overseas fund houses...
Vodafone to sell its 3% stake in Indus Towers for over $300 million
UK’s Vodafone Group Plc is selling its remaining 3% stake in Indus Towers in an over $300-million block deal and fully exiting the Indian tower company, which is now a Bharti Airtel subsidiary. The Indus stake...
TCIL may offload 5-10% stake in Bharti Hexacom
State-run Telecommunications Consultants India (TCIL) will shortly finalise the minimum pricing and terms of an offer-for-sale (OFS) to divest 5-10% of its residual stake in Bharti Hexacom. The Union government owns 15%...
China Mobile offers to buy Hong Kong’s HKBN in $882 mln deal
China Mobile said on Monday it had offered to acquire HKBN in a deal valuing the Hong Kong-based broadband company at HK$6.86 billion ($882 million), as it looks to counter a move from a private equity firm. Earlier, U...
Australian pension funds TelstraSuper, Equip Super to merge
Australian telecom major Telstra’s pension fund arm TelstraSuper will merge with bigger peer Equip Super creating a combined fund that would manage around A$60 billion ($38.8 billion), the funds said in a joint...
