MUMBAI/KOLKATA: Brookfield, the world’s 2nd biggest manager of alternative assets like real estate and private equity from Canada, is closing in to buy a majority stake in Anil Ambani’s telecom tower...
Price war to expedite M&As and exits of smaller players
The predatory pricing by Reliance Jio would hit smaller players such as Tata Teleservices, Anil Ambani’s RCom, and Aircel as they will not be able to match Jio’s lower tariff due to lack of cash. This would, in turn...
Bangladesh HC approves Robi-Airtel merger
DHAKA: A high court in Bangladesh today approved the much-discussed merger proposal of Robi Axiata and Airtel Bangladesh, paving the way for the formation of country’s second-largest mobile operator, a media...
Finland’s Nokia agrees on China joint venture with Huaxin
HELSINKI: Finnish telecom equipment maker Nokia on Friday said it has agreed to create a joint venture in China with state-owned Huaxin, following Nokia’s proposed takeover of Alcatel-Lucent. Alcatel-Lucent and...
RCom-Aircel merger expected in first week of September
NEW DELHI: Telecom operators Reliance CommunicationsBSE 0.37 % and Aircel are expected to sign an agreement for a merger of their businesses by the first week of September. “Term sheet between the two companies...
Idea Cellular denies exploratory merger talks with Vodafone India
NEW DELHI: India’s No. 3 mobile phone carrier, Idea Cellular, strongly denied a news report on Tuesday that it was in exploratory talks about a merger with larger rival Vodafone India. A spokeswoman for...
Sale of $2.5 billion Vimpelcom stake still in planning stage: Telenor CEO
Nearly a year after mobile operator Telenor (TEL.OL) announced it would sell its $2.5-billion stake in Vimpelcom (VIP.O), it is still planning how it will go about it, its chief executive told Reuters, underlining the...
Singtel to pick 7.39% stake in Bharti Telecom for $659 mn
India’s telecom sector continues to hold promise for strategic foreign investors. On Thursday, Singtel announced it would acquire Temasek’s 7.39 per cent stake in Bharti Telecom, which owns 45.09 per cent in...
Supreme Court to decide fate of Reliance Communications and Sistema’s merger
KOLKATA: The ongoing merger process between Reliance Communications (RCOM) and Sistema Shyam Teleservices (SSTL) faces a crucial test on October 19 which may offer a solution to the Indian unit of the Russian...
Nokia quarterly profit halves on weak network sales, merger distractions
Nokia’s second-quarter profit fell more sharply than expected as telecom operators around the world spent less on faster mobile networks, prompting the company to lift its cost-cutting target following its merger...
Bharti Airtel, Verizon join hands to launch four points of presence in India
NEW DELHI: Bharti Airtel on Tuesday joined hands with Verizon Digital Media Services to launch new points of presence (PoPs) in Mumbai, Chennai, Bangalore and New Delhi that will provide users in India with faster and...
Fitch: CJH Merger Failure Leaves SK Telecom Trailing in Fixed Line
(The following statement was released by the rating agency) SEOUL/SYDNEY, July 28 (Fitch) SK Telecom Co., Ltd’s (SKT, A-/Stable), failure to acquire South Korea’s largest cable television operator will leave...
