Idea Cellular is looking to raise funds by selling part or complete stake in its tower business and has frozen hiring as part of a stringent cost-cutting drive to better its finances to better take on Reliance Jio...
Spain’s Telefonica in talks to sell Telxius stake – sources
Spain’s Telefonica is in talks with private equity firms KKR (KKR.N), CVC [CVC.UL] and Ardian as well as sovereign fund GIC [GIC.UL] about the sale of a 49 percent stake in its telecom masts subsidiary Telxius...
Nokia offers to buy Comptel for $370 million
Finnish telecoms network equipment maker Nokia said on Thursday it is seeking to buy company Comptel for about €347 million ($370 million) to expand its software services business. Nokia and its rivals, Sweden’s...
Tata Teleservices in talks with ATC to exit Viom Networks for Rs 4K crore
Telecom operator Tata TeleservicesBSE -0.60 % is believed to be in talks to sell its entire stake in mobile tower company Viom Networks to American Tower Corporation for about Rs 4,000 crore. “Tata Teleservices is...
Vodafone-Idea merger to create Rs 80,000 crore revenue firm: India Ratings and Research
The proposed merger of telecom operators Vodafone and Idea Cellular will create an entity with revenue of around Rs 80,000 crore and the move will be credit positive for the sector, India Ratings and Research today said...
Idea Cellular looks to sell tower business in two separate deals
Idea Cellular Ltd is looking to sell its telecom tower interests even as it explores a merger with rival Vodafone India Ltd in an all-stock deal, according to two people familiar with the company’s discussions with...
Micromax plans to raise Rs 510-680 cr in next 12 to 18 months
Indian handset maker Micromax Informatics has said it is planning to raise and invest an amount of Rs 510-680 crore ($75-100 million) in the next 12 to 18 months. While the firm is primarily into procuring and marketing...
Vodafone-Idea India merger seen handing rivals cheap spectrum
A merger under discussion between Vodafone Group Plc.’s India unit and Idea Cellular Ltd. would create a new leader in one of the world’s most competitive mobile-phone markets. For rivals, there’s a silver lining:...
New York court approves Verizon settlement over ‘merger tax’ objections
A New York state appeals court on Thursday said its door remains open for settlements of merger litigation where shareholders receive no money, approving an accord tied to Verizon Communications Inc’s (VZ.N) $130...
Merger with Idea doesn’t mean exit of Vodafone from India: CEO Vittorio Colao
Vodafone Group Plc chief executive officer Vittorio Colao said the company is in talks with the Aditya Birla Group to create a “self-funded” Indian joint venture with equal rights to take on the competitive threat posed...
Grasim denies ‘large investment’ in Idea Cellular as part of Vodafone merger
Grasim Industries, an Aditya Birla Group company, on Wednesday, denied rumors that it would be making a large investment into Idea Cellular as part of the proposed merger between Vodafone and the country’s third largest...
Proposed Idea Cellular-Vodafone merger: Consolidation to shrink revenue pie for vendors
A potential Vodafone and Idea CellularBSE -2.68 % merger is likely to lower rentals for tower providers and lead to revaluation of contracts with network gear makers in the near term, as carriers would look at combining...
