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...
Bharti Airtel board approves acquiring 5 pc additional stake in Indus Towers
Bharti Airtel on Monday said its board has approved the acquisition of a 5 per cent additional stake in its telecom infrastructure subsidiary Indus Towers. Bharti Airtel holds a 51.03 per cent stake in Indus Towers as...
Orange to buy remaining 50% of Spanish unit MasOrange for $5 billion
French telecoms group Orange said on Friday it had reached a non-binding agreement to buy the 50% stake it does not already own in its Spanish unit MasOrange for 4.25 billion euros ($4.96 billion) in cash. With the...
Vodafone to buy German cloud specialist Skaylink for $204 million
Britain’s Vodafone on Thursday said it will acquire German cloud and digital transformation firm Skaylink for 175 million euros ($204.09 million) from private equity firm Waterland, in a push to expand its service...
Verizon in talks to buy EchoStar wireless spectrum, Bloomberg News reports
U.S. telecom company Verizon Communications is in discussions with EchoStar about purchasing some of its wireless spectrum, Bloomberg News reported on Monday, citing people familiar with the matter. The discussions...
BT Group to sell Radianz business to TNS
BT Group said on Tuesday it would sell its Radianz business to Transaction Network Services, as Britain’s largest broadband and mobile services provider explores options to optimize its international business...
