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...
Telefonica’s sale of Peruvian fibre network falls through
Telefonica’s sale of stakes in its fibre optic network in Peru to private equity fund KKR and Chilean telecom firm Entel announced in July 2023 fell through, Entel said in a filing to the regulator on Thursday...
