The government today said that divestment of its 30 per cent holding in mobile operator Bharti Hexacom is under progress. "The (divestment of our 30 per cent stake in Bharti Hexacom) is under progress,"...
Goldstone Infratech – Updates Scheme of Amalgamation
Goldstone Infratech Ltd has informed BSE that the Hon’ble High Court of Andhra Pradesh vide its Order dated June 30, 2009 has approved the Company’s Scheme of Amalgamation for the amalgamation of M/s. Shree...
BSNL mulling porposals for buying stake in an African operator
State-owned BSNL said it is considering proposals for acquiring a minority stake in an existing telecom operator in Africa. "We have received proposals. There are various opportunities which are being looked at...
Essar eyeing majority stake in Dhabi’s telecom biz in Africa
The Essar Group has initiated discussions to pick up majority stake in the African telecom assets of the Dhabi Group, an investment company led by members of the Abu Dhabi royal family. Through its subsidiary...
Bharti-MTN deal is ‘well thought out’: Sunil Mittal
Telecom czar Sunil Mittal has said that Bharti Airtel’s proposed USD 23 billion transaction with South African telecom major MTN is a "well thought out" deal. The planned deal with MTN is expected to...
Idea gets nod to hive off tower business
Idea Cellular has received the shareholders’ approval for hiving off its towers into a subsidiary — Idea Cellular Towers Infrastructure. This subsidiary will have Idea’s nearly 11,000 towers in nine...
SEBI guidance to Bharti on MTN deal
The Securities and Exchange Board of India ( SEBI) in an “informal guidance” to Bharti Airtel has said that MTN Group would be required to make an open offer only if it converted the Bharti Airtel GDRs they...
Sebi exempts MTN from making open offer to Bharti shareholders
South African firm MTN need not make an open offer to Bharti Airtel shareholders in India as its shareholding in the Sunil Mittal promoted firm would be through the Global Depository Reciepts (GDR), says market...
Kavveri Tele buys 67% in Canadian firm
Kavveri Telecom Products Ltd, a maker of antennas and radio frequency (RF) products for the wireless industry, has acquired a 67 per cent stake in Canada-based design and development firm, Trackom Systems International...
Gitanjali to pick 70% in MobileNXT
Gitanjanli Gems is to acquire 70 per cent stake in Bangalore-based mobile phone retail chain MobileNXT Teleservices through its wholly owned subsidiary Gitanjali Lifestyle Ltd. Gitanjali Lifestyle has entered into an...
Kavveri Telecom unit buys Canadian company
Kavveri Telecom Products Ltd said on Thursday that its Canadian unit acquired Montreal-based Trackcom Systems International to access a portfolio of products used for space defence and telecom applications. Terms of the...
Bharti, RCom in race to buy Zain group’s Africa biz: Report
Leading Indian telecom players Bharti Airtel and Reliance Communications have joined the race to acquire the African business of Kuwait-based Zain Group, says a media report. "Two Indian telecom firms, Bharti and...
