French telecoms group Orange and Spanish peer MasMovil have picked Romania’s Digi to buy assets they plan to divest to address EU antitrust concerns over their Spanish tie-up, two people with knowledge of the...
SingTel to sell stake in Trustwave for $205 million
Singapore Telecommunications said it entered into an agreement with MC2 Titanium, LLC to sell its stake in cyber security business Trustwave for $205 million. Southeast Asia’s largest telecom firm began...
TDC weighs strategic options amid consolidation, sources say
Denmark’s largest telecoms company TDC Holding A/S has hired LionTree to help it explore strategic options for the business as consolidation in the Danish telecom market accelerates, two people familiar with the...
UK’s Zegona in talks to buy Vodafone’s Spain business
British telecom investment company Zegona said it was in talks with Vodafone about a potential acquisition of the British telecom giant’s Spanish business, confirming a media report. “(Zegona) confirms that...
KKR to acquire stake in SingTel’s regional data centre unit for $807 million
Singapore Telecommunications (SingTel) said global investment firm KKR will acquire a 20% stake in SingTel’s regional data centre business for S$1.1 billion ($806.87 million). The deal puts the enterprise value of...
Italy approves decrees to take up to 20% stake in Telecom Italia grid
Italy approved on Monday two decrees providing for the economy ministry to take a stake of up to 20% in Telecom Italia’s (TIM) landline grid. The scheme implements a Memorandum of Understanding (MoU) signed on Aug...
I Squared closes in to buy ATC’s India telecom towers for $1.5-$2 bn
Boston-based American Tower Corp (ATC) is set to cede majority control in its wholly owned India unit to US private equity firm I Squared Capital after months of negotiations, said people aware of the matter. The two...
Reliance Industries announces completion of Radisys-Mimosa acquisition
Reliance Industries-owned Jio Platform has completed the acquisition of US-based communications equipment maker Mimosa Networks for $60 million through its wholly owned subsidiary Radisys Corporation, informed the...
Belgium telecom provider Proximus to buy majority stake in India’s Route Mobile
Belgian telecom service provider Proximus Group on Monday said it will buy a 57.56% stake in Route Mobile for 59.22 billion rupees ($720.53 million). Proximus will pay 1,626.40 rupees per share of the Indian cloud...
Bharti Airtel buys 20.6% stake in Lavelle Networks, total stake will reach 45.6%
India’s leading telecom firm, Bharti Airtel has acquired additional 20.6% stake in the SD-WAN startup, Lavelle Networks. With this, Bharti Airtel’s total ownership will increase to 45.6% in the SD-WAN...
Tata Communications to buy US’ Kaleyra for $100 million, take over debt
Tata Communications said on Wednesday that it has signed a definitive agreement to acquire communication platform service provider Kaleyra, Inc. for $100 million. The Indian company will also acquire NYSE-listed...
I Squared leads race to acquire ATC’s India unit
US private equity firm I Squared Capital has emerged the frontrunner to buy a controlling stake in American Tower Corp’s wholly owned Indian unit after the latter’s negotiations with Brookfield remained inconclusive...
