Bharti Airtel Ltd plans to raise its stake in Airtel Africa Plc to as much as 90% over the coming years, chairman Sunil Bharti Mittal said on Thursday, outlining a long-term capital allocation and ownership roadmap as...
Telecom
UK’s Gamma Communications in preliminary talks with Oakley Capital, Giacom on possible takeover
British telecoms firm Gamma Communications confirmed on Friday that it is in preliminary talks with private equity firm Epiris, and separately, a consortium led by Oakley Capital and IT service provider Giacom on a...
Vodafone buys out UK mobile partner CK Hutchison in $5.8 billion deal
Vodafone has agreed to buy its partner CK Hutchison’s stake in VodafoneThree for 4.3 billion pounds ($5.8 billion), taking full ownership of Britain’s biggest mobile operator a year after it was created...
Deutsche Telekom exploring merger with T-Mobile, Bloomberg News reports
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...
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...
