Vodafone Plc CEO Vittorio Colao arrives in Mumbai this week amid heightened expectations of the announcement of a merger between the Indian unit of one of the world’s largest telecom service operator and Idea Cellular...
Bharti Airtel close to buying Tikona’s 4G spectrum
Bharti Airtel Ltd is in the final stages of talks with Tikona Digital Networks Pvt. Ltd to buy the latter’s 4G spectrum, as India’s largest telecom company seeks to increase its capacity to offer data services to...
Parliamentary panel suggests BSNL-MTNL merger for long-term survival
A Parliamentary panel has suggested merger of state-run telecom firms Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) for their long-term survival. The Committee on Petitions, chaired by...
RCom gets Sebi nod for merger with Aircel, Dishnet Wireless
Anil Ambani-promoted Reliance Communications Ltd (RCom) has obtained approval from capital markets regulator Securities and Exchange Board of India (Sebi) to spin-off and merge its wireless division with Aircel Ltd and...
Bharti Airtel to sell non-controlling stake in Infratel
Telecom operator Bharti AirtelBSE -0.78 % has shelved plans to sell controlling stake in its mobile tower arm Bharti Infratel but has decided to monetise 21.63 per cent equity in the company. “….the Board...
Trai seeks shareholders’ views on hurdles in merger and acquisitions
The Telecom Regulatory Authority of India has sought views from stakeholders on identifying obstacles in the current regulations hindering mergers and acquisitions in the telecom sector, along with those complicating...
Verizon sought $925 million discount for Yahoo merger, got $350 million
Verizon Communications Inc (VZ.N) sought almost triple the price reduction that it ultimately obtained for Yahoo Inc’s (YHOO.O) core assets following two massive cyber attacks at the internet company, according to...
Details of Vodafone, Idea merger this week
After eight months of hectic parleys, Britain’s Vodafone Group’s Indian subsidiary and Aditya Birla Group’s Idea Cellular have taken a step closer to a mega-merger that would create a new market leader...
BSNL, MTNL merger plan back on discussion table
After a hiatus of few years, the proposal to merge BSNL and MTNL is back on the discussion table with top officials at the telecom department once again ‘brainstorming’ on various options before the two loss...
Airtel, Millicom ink pact to merge in Ghana
Bharti AirtelBSE -0.22 % and Millicom International Cellular have entered into an agreement to merge their respective units in Ghana to create the second-largest mobile carrier in the African country. Under the terms of...
Jio partners with Samsung to improve LTE services
Mukesh Ambani-led Reliance Jio has collaborated with electronics giant Samsung to further improve its quality of LTE (4G) services in India, including wider coverage and revved-up network speeds. The joint project...
Providence sells entire 3.3% stake in Idea for Rs1,288 crore
Providence Equity Partners on Tuesday exited telecom firm Idea Cellular by selling its entire 3.33% stake for an estimated Rs1,288 crore through an open market transaction. The stake sale comes against the backdrop of...
