Spanish telecoms company Telefonica has hired Citi as an adviser to sell its Chilean business, news website El Confidencial reported on Monday, citing unidentified market sources. Telefonica would book a capital loss on...
Japan’s NTT plans to buy remaining NTT Data shares for up to $20 billion, Nikkei reports
Japanese telecoms giant Nippon Telegraph and Telephone plans to launch a tender offer worth up to 3 trillion yen ($20 billion) to buy the remaining shares in NTT Data, the Nikkei newspaper reported on Thursday. NTT...
Airtel, Tata Play call off DTH merger talks
Bharti Airtel has officially called off discussions with the Tata Group regarding a potential merger of their Direct-To-Home (DTH) businesses. The telecom giant, through a regulatory filing said that both parties have...
NCLT to decide on RCom’s ₹550 crore refund plea against Ericsson in June
The insolvency court said it will decide next month on bankrupt telco Reliance Communications Ltd’s plea seeking a ₹550 crore refund from Swedish telecom equipment maker Ericsson. During a brief hearing at the Mumbai...
Nokia sells stake in Vi, raises Rs 785.67 crore
Nokia Solutions and Networks India Pvt Ltd has sold off its 0.95% stake in Vodafone Idea (Vi) via a bulk deal to marquee global investment banks, including Goldman Sachs, amongst others, raising Rs 785.67 crore. As per...
Airtel to acquire entire 400 Mhz spectrum of Adani Data Networks
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...
