Telecom infrastructure operation and maintenance firm Ardom Telecom Pvt. Ltd on Sunday announced the acquisition of Quanta Towergen for an undisclosed amount. Ardom, backed by L&T Infra Investment Partners...
Idea, Vodafone competitors till the merger is completed
Idea Cellular managing director Himanshu Kapania has told employees that the telecom operator will remain in competition with Vodafone India till the merger is completed, a clarification that experts said is aimed at...
Telcos tower sale to reduce debt, but no gain in near term: Ratings firms
Ratings firms Moody’s and Fitch have said that incumbent telcos’ stakes sales in tower firms could ease debt but there would be no near-term respite to their profitability due to intense competition after billionaire...
Airtel sells 10.3% stake in Bharti Infratel for $951.6 million
Bharti Airtel sold 10.3% of its tower arm to a consortium of KKR and Canada Pension Plan Investment Board (CPPIB) to slash some of its huge debt and gird up for bruising competition in the wake of Reliance Jio’s...
Airtel acquires Tikona’s 4G business for Rs 1,600 crore, but co-founder slaps legal notice
Bharti AirtelBSE 0.98 % has acquired Tikona Digital’s 4G airwaves for Rs 1,600 crore, ramping up its high-speed broadband spectrum capacity to take on Reliance Jio Infocomm and the Vodafone-Idea Cellular combine...
CCI approves sale of Reliance Infratel’s towers to Brookfield
The Competition Commission of India approved the proposed sale of Reliance Infratel’s towers to Brookfield Group for Rs 11,000 crore, about a week after it okayed the merger of the company’s wireless business into...
Brookfield, ATC vying for Idea and Vodafone’s tower assets
Canadian alternative asset manager Brookfield Asset Management Inc is vying with American Tower Corp. for the mobile tower assets of Idea Cellular Ltd and Vodafone Group Plc, which could fetch a combined Rs10,000 crore...
Aditya Birla Group benefited more due to merger with Vodafone: IiAS
The recent merger between Idea and Vodafone has not benefited the latter as much as the AVBirla group, according to Institutional Investor Advisory Services India Limited (IiAS), a leading proxy advisory firm. The deal...
Merger to give Vodafone, Idea more negotiating powers in divesting Indus Tower stake
Vodafone Group said its merger with Idea CellularBSE 0.22 % will give the two stronger negotiating muscle in negotiations with Bharti AirtelBSE -2.47 %, which needs to agree to any move by the combining carriers aimed...
Vodafone approached DoT before announcing Idea merger
Vodafone India had started the process for its merger with Aditya Birla Group company Idea Cellular by approaching the department of telecommunications (DoT) even before Vodafone Group Chief Executive Officer Vittorio...
The behind the scenes story of Vodafone, Idea mega merger
The whole world may have been slower than molasses in early January, still hungover from New Year celebrations, save for the trio at Aditya Birla Centre, the headquarters of the AB Group. Sushil Agarwal, group CFO and...
BSNL, MTNL merger to help both firms: BSNL CMD Anupam Shrivastava
Amid renewed push for BSNL-MTNL merger, BSNL CMD Anupam Shrivastava has said the combination will be “advantageous” for both the state-owned telecom firms but issues pertaining to debt and salary structure...
