With the government looking at a sale or formation of joint ventures to run the three loss-making units of Indian Telephone Industries (ITI), the home ministry has said it would not grant approval to Chinese firms to...
Datacom row ends as Nahata agrees to sell stake to Dhoots
Mahendra Nahata of Himachal Futuristic Communications (HFCL) has finally agreed to sell his 36% stake in telecom service provider Datacom Solutions to the Dhoots of the Videocon Group to end a year-long corporate battle...
Gitanjali group in talks to pick up major stake in MobileNXT
Jewellery major Gitanjali group is in advanced talks to pick up a major stake in the Bangalore-based mobile retail chain, MobileNXT. Confirming this to BusinessLine, Mr Vijay Menon, Founder Director, MobileNXT, said...
France Telecom & Telstra in talks with Maxis to buy minority stake in Aircel
France Telecom and Telstra of Australia are in talks with Malaysia’s Maxis Communication to buy a minority stake in Indian telecom operator Aircel, in yet another sign that the ongoing slowdown and credit crunch...
RCom, Kribhco in joint venture
As part of its rural thrust, Reliance Communication has formed a joint venture with Krishak Bharti Cooperative Ltd (Kribhco) for offering value-added services to mobile users in villages. The joint venture, called...
NTT DoCoMo open to hiking stake in Tata Tele
Japanese mobile company NTT DoCoMo is open to picking up further stake in Tata Teleservices if it gets the right valuation. NTT DoCoMo recently picked up a 26 per cent stake in Tata Tele for about Rs 13,000 crore...
Huawei may bid for majority stake in ITI
Chinese telecom vendor Huawei may be one of the interested bidders for picking up stake in the factories owned by State-run Indian Telephone Industries Ltd. Huawei told Business Line that it was open to discussing...
Bharti mum on MTN shareholder call to sweeten bid
India’s top mobile company, Bharti Airtel, kept mum on Wednesday on a call by a key shareholder of South Africa’s flagship MTN cellular group to improve its merger offer. MTN entered "exclusive...
Bharti-MTN deal: Pointer to the future
The merger talks between Bharti Airtel and South African telecom company, MTN, is a pointer to an emerging trend in the Indian telecom growth story. Saturated urban markets, declining average revenue per user, tighter...
Axiata mulls open offer to raise stake in Idea
Malaysian shareholder wants parity with Aditya Birla group A battle is brewing between the two major shareholders of Idea Cellular, Axiata Group (formerly Telekom Malaysia) and the Aditya Birla group, as a result of the...
Bharti, MTN shares slide on bourses amid merger talks
A day after Indian telecom major Bharti Airtel renewed efforts to acquire a 49 per cent stake in South Africa’s leading wireless-services provider MTN, shares of both the companies registered losses of as much as...
Telecom M&As set to touch $50 billion
If Bharti Airtel’s proposed $23 to $29 billion merger with South African operator MTN goes through, India’s telecom M&A market will come of age — either crossing or getting close to the $50 billion...
