Bharti Airtel on Tuesday announced the company, along with its subsidiary Bharti Hexacom Limited, would acquire rights to use entire 400 megahertz spectrum of Adani Data Networks (ADNL). ADNL had acquired 400 Mhz...
Bharti Hexacom pauses tower sale, plans new valuation amid TCIL objections
Bharti Hexacom is likely to initiate a fresh valuation of its 3,400 telecom towers before inviting new bids from tower asset companies for their sale, said people with direct knowledge of the matter. The Bharti Airtel...
Telefonica sells troubled Peruvian unit for $1 million
Spanish telecom company Telefonica said on Sunday it had agreed to sell its Peruvian unit, which recently filed for bankruptcy protection, to Argentina’s Integra Tec International for about 900,000 euros ($1.02...
Indus puts towers buy from Bharti Hexacom on hold
Indus Towers has put on hold plans to acquire 3,400 telecom towers from Bharti Hexacom — a unit of Bharti Airtel. “….based on the intimation received from Bharti Hexacom, which has also been communicated by them to the...
Alpha Wave in race for Carlyle’s 24% stake in Nxtra for ₹5,125 crore
Alpha Wave Global is circling Nxtra Data, the data centres business of telecom company Bharti Airtel, to acquire a significant stake in the company as Carlyle looks to monetise its five-year-old investment, said people...
NCLAT approves Bharti Telecom’s 2018 scheme for capital reduction
The National Company Law Appellate Tribunal (NCLAT) Thursday approved Bharti Telecom’s 2018 capital reduction scheme, dismissing minority shareholders’ argument that the scheme was unfair and failed to...
Network infrastructure company SAR Televenture Limited acquires majority stake in Tikona Infinet
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...
