Tata Group companies and promoter Tata Sons have received the nod from Competition Commission of India (CCI) to buy NTT Docomo’s 21.6% stake in Tata Teleservices. Besides Tata Sons, the group companies include...
T-Mobile sees benefits in merger with Sprint: CFO
T-Mobile US Inc (TMUS.O) would benefit from greater scale in the industry if it were to combine with rival Sprint Corp (S.N), the chief financial officer of the No. 3 wireless carrier said at a conference on Thursday...
Tata Sons, group companies seek CCI nod to buy Docomo’s stake in TTSL
Tata Group companies and promoter Tata Sons have sought a nod from the Competition Commission of India (CCI) to buy Docomo’s 21.6% stake in Tata Teleservices (TTSL). Besides Tata Sons, the group companies include Tata...
TDSAT ruling may ease Reliance Communications merger with SSTL
The telecom tribunal has set aside the government’s demand for bank guarantees amounting to Rs. 236 crore from Sistema Shyam Teleservices (SSTL), likely clearing the decks for its merger into Reliance Communications...
Reliance Jio urges DoT not to clear Airtel-Tikona deal; says could cost govt Rs 217 cr
Reliance Jio Infocomm has asked the telecom department (DoT) not to approve Bharti Airtel’s buyout of Tikona’s 4G business, alleging that the market leader was exploiting a gap in M&A rules which could cause an over...
Vodafone’s SAfrican arm Vodacom to take over stake in Kenya’s Safaricom
UK-based telecoms group Vodafone moved to consolidate two of its African interests on Monday with the transfer of a 35 percent stake in Kenya’s Safaricom to majority-owned South African subsidiary Vodacom. The...
Sprint, SoftBank start early deal talks over T-Mobile: BBG
Sprint and its controlling shareholder SoftBank have started preliminary conversations to merge with T-Mobile US, Bloomberg reported on Friday, citing people familiar with the matter. The U.S. Federal Communications...
Valuation problems? SoftBank logs $1.4-billion loss in Snapdeal, Ola
Japanese telecom and internet giant SoftBank has written off nearly $1 billion in the value of Snapdeal (its best asset in India till recently), as it pushes to offload the Kunal Bahl-led company onto larger rival...
Tata Power to acquire 118.2 million shares of Tata Teleservices
Tata Power Co. Ltd is set to acquire 118.2 million shares of Tata Teleservices Ltd, the company said in a filing to the stock exchanges on Tuesday. Tata Power’s move follows the 28 April order of the Delhi high court in...
Bharti Airtel eyeing on consolidation to sail in African markets
Bharti Airtel is believed to have identified six non-profitable African markets for consolidation to reduce losses and clear headroom for the Sunil Mittal-led mobile carrier to deal with financial stress in India amid a...
Verizon, Corning agree to $1.05 billion fiber deal
Verizon Communications Inc has agreed to buy optical fiber from Corning Inc for at least $1.05 billion over the next three years as the No. 1 U.S. wireless carrier aims to improve its network infrastructure, the...
Merger with BSNL desirable for strong pan-India play: MTNL CMD
The merger of BSNL and MTNL is “desirable” for operational synergy and even the fiercely- competitive telecom market necessitates such a combination for a stronger pan-India play, a top MTNL official has...
