Reliance Communication’s IoT business unit, Unlimit, has entered into a strategic partnership Cumulocity, an Internet of Things (IoT) software platform provider, to deliver IoT solutions in India. The partnership...
Acquisition of Telenor won’t alter Airtel’s financial position: S&P
Acquisition of Telenor’s India operations will help telecom giant Bharti Airtel improve its market and spectrum position without any material increase in debt, S&P Global Ratings has said. S&P Global...
Airtel-Telenor merger: Is consolidation only answer to battle Reliance Jio?
India’s top telecom network operator Bharti Airtel is buying Norwegian Telenor’s India unit, in yet another consolidation move driven by upstart rival Jio’s disruptive pricing. The deal highlights how...
Telenor hangs up on India, to sell business to Airtel
Telenor wrapped up its ill-starred India venture by agreeing to sell the business to market leader Bharti AirtelBSE 1.36 %, which will take on some of the Norwegian telecom giant’s local liabilities in return. The...
Sunil Mittal-driven Bharti Airtel to buy Telenor India
Bharti Airtel on Thursday said it has signed a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor (India) Communications Private Ltd. The acquisition is subject to requisite regulatory...
Softbank looks to pick up stake in the proposed Vodafone-Idea combine
Masayoshi Son’s Softbank, which is about to close its mega $100 billion Vision Fund, could emerge as a new investor in the proposed Idea-Vodafone combine, according to four people aware of the development. Softbank is...
Airtel buys stake in fintech company Seynse Technologies
Bharti AirtelBSE 4.91 % has bought a stake in Seynse Technologies, valuing the fintech company at over Rs. 100 crore, in a bid to add teeth to its financial operations platform including the payments bank. The...
Reliance Jio inks strategic deal with Uber to push JioMoney
Reliance Jio on Monday inked a strategic partnership with Uber for the roll out of JioMoney, the PPI Wallet, as one of the payment options for the latter’s services in India. JioMoney users will be able to request and...
Tech Mahindra sees bigger business from Vodafone-Idea merger
Tech Mahindra sees the proposed merger of Vodafone and Idea as a “seismic” event that will impact the IT sector but asserted that it will benefit from such a deal. The software firm derives over half of its...
Vodafone, Idea likely to seal merger pact within a month
UK’s Vodafone and Aditya Birla group firm Idea Cellular are likely to finalise the mega merger deal that will create India’s largest telecom firm within a month, according to sources. “The companies...
Bharti Airtel completes acquisition of Augere Wireless
Telecom operator Bharti AirtelBSE -0.04 % today said that it has completed acquisition of Augere Wireless — a company which holds one slot of 2,300 Mhz band spectrum in Madhya Pradesh circle. “…the...
Banks fight to win $40-million worth advisory role in Vodafone India merger
BofA Merrill Lynch, UBS and Standard Chartered are among banks scrambling to win advisory roles in a potential merger involving Vodafone in India, sources said, as they chase a rare big deals-related payday in the...
