Sprint Corp (S.N) is in exclusive talks with Charter Communications Inc (CHTR.O) and Comcast Corp (CMCSA.O) to explore a deal that could boost the cable companies’ wireless service, The Wall Street Journal...
Altice raises $1.9 billion in year’s second-biggest US IPO
Billionaire Patrick Drahi’s Altice USA Inc. raised $1.9 billion in the second-biggest US initial public offering of the year. Altice USA and some existing shareholders sold 63.9 million shares for $30 apiece, near the...
Global PEs back Reliance Communications’ plan to sell stake in tower arm to Brookfield
Global private equity investors and international hedge funds, including NSR Partners, Galleon, HSBC Daisy Investments (Mauritius), Drawbridge Towers, Investment Partners B (Mauritius) and George Soros Quantum Funds are...
Verizon completes Yahoo acquisition, Marissa Mayer resigns as CEO
Verizon Communications Inc. said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc.’s core business and that Marissa Mayer, chief executive of the Internet company, had resigned. The completion of the...
Tejas Networks raises Rs349.5 crore from anchor book allocation
Telecom equipment maker Tejas Networks Ltd Tuesday said it has raised Rs349.5 crore by selling shares to investors as part of the so-called anchor book allocation, a day ahead of the opening of its initial public...
Reliance Communications said to approach Citic on GCX sale
Billionaire Anil Ambani’s Reliance Communications Ltd has approached Citic Telecom International Holdings Ltd as it makes a fresh attempt to attract a buyer for its undersea cable unit, people with knowledge of the...
Airtel-Telenor merger receives CCI approval
Bharti Airtel today said the Competition Commission of India (CCI) has approved the proposed merger of Telenor India with the company. Last week, Bharti Airtel and Telenor India also filed a joint application before...
Sebi seeks clarification from bourses on Idea-Vodafone merger
Markets regulator Sebi has sought status update from stock exchanges about the ‘no-objection’ sought by Aditya Birla Group firm Idea Cellular regarding its proposed merger with Vodafone Plc’s Indian...
RCom-Aircel merged wireless company to be called Aircom
Reliance Communications’ executive Punit Garg on Friday said that the merged wireless company with Aircel will be called Aircom. He said that RCom can monetize 49 percent tower co stake in future though sale or a...
Airtel, Telenor file joint application for merger approval before NCLT
Bharti Airtel and Telenor India today filed a joint application before National Company Law Tribunal for approval of their merger following nod from the market regulator SEBI and stock exchanges — BSE and NSE...
Nuance says mCarbon acquisition helps it expand service provider business globally
Nasdaq-listed voice and speech recognition company Nuance Communications is aiming to expand its service provider business globally with the help of recently acquired Noida-based value added service provider mCarbon, a...
Banks to discuss RCom debt restructuring proposals today
Lenders to Reliance Communication Ltd (RCom) have convened a meeting on Friday to discuss restructuring proposals for the debt-ridden telecom firm, said two bankers directly involved in discussions. On Thursday, ratings...
