Deutsche Telekom is considering a full combination with T-Mobile US that could result in the largest public M&A deal on record, Bloomberg News reported on Tuesday, citing people familiar with the matter. The...
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Manulife Investment Management eyes Cellnex Swiss business, sources say
Spain’s Cellnex is in talks to sell its stake in its Swiss unit to Toronto-listed Manulife Financial Corporation’s investment management unit, according to two sources with knowledge of the situation...
Amazon eyes $9 billion Globalstar deal to rival SpaceX’s Starlink, FT reports
Amazon is in talks to buy satellite telecom group Globalstar as it ramps up efforts to build its own low-earth-orbit satellite business to rival SpaceX’s Starlink, the Financial Times reported on Wednesday...
Reliance Jio in talks with investors to sell 8% of individual stakes in IPO, sources say
Indian billionaire Mukesh Ambani’s Reliance Jio Platforms has held talks with 13 marquee foreign investors to sell down 8% of individual stakes in an upcoming Mumbai listing of the telecoms-to-AI company, sources...
Centre has no plans to exit Vodafone Idea: Jyotiraditya Scindia
Union communications minister Jyotiraditya Scindia said Indian telecom operators are among the healthiest globally, with the sector continuing to grow steadily. He added that the government is evaluating the next phase...
JSW, ST Telemedia among firms eyeing stake in Vodafone Idea
Singapore-based ST Telemedia and India’s JSW Group have joined a few domestic and global investors that are in discussions with Vodafone Idea (Vi) for acquiring a potential stake, people aware of the matter said. The...
Liberty Global to buy Vodafone’s stake in VodafoneZiggo, spin-off Benelux operations
Liberty Global has agreed to buy its Dutch joint venture partner Vodafone’s stake in VodafoneZiggo for 1 billion euros ($1.18 billion) in cash, the companies said on Wednesday. It will then combine the Netherlands...
Telefonica sells Chile unit to NJJ, Millicom for $1.2 billion
Spanish telecoms giant Telefonica said on Tuesday it has sold its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, both owned by billionaire Xavier Niel, in line with Telefonica’s...
KKR, Singtel pay $5.2 billion for full control of data centre operator STT GDC
A KKR and Singapore Telecommunications consortium will pay S$6.6 billion ($5.2 billion) in cash to take full control of ST Telemedia Global Data Centres (STT GDC), the companies said on Tuesday, in an intensifying race...
Telenor sells its stake in Thailand’s True Corporation for $3.9 billion
Telenor said on Thursday it would sell its 30.3% stake in Thailand’s True Corporation for 39 billion Norwegian crowns ($3.92 billion), its second divestment from Asia in recent months, lifting the Norwegian...
California approves Verizon acquisition of Frontier, clearing way for closing
The California Public Utilities Commission on Thursday approved Verizon Communications’ $20 billion deal to acquire fiber-optic internet providers Frontier Communications, clearing the way for the deal to close on...
NCLT dismisses RCom plea seeking ₹325-crore refund from Ericsson
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...