Bharti Airtel on Tuesday said that funding the proposed merger with South African telecom major MTN was not a major issue. The last time the company had initiated talks with MTN in 2008, it had received offers from...
Telecom sector leads M&A activity in India
The telecommunication sector has been a significant driver of mergers and acquisitions (M&A) in India accounting for the highest share of deals at 18.6 per cent and 22 per cent during the last two years with values...
Russia earmarks over $670 m for 20% stake in Sistema Shyam
The Russian Federation has allocated over $670 million in this year’s budget to pick up around 20 per cent stake in Sistema Shyam Teleservices Ltd, according to the company President and Chief Executive Officer...
MTN bid won’t trigger open offer by MTN for Bharti’s shares
The proposed deal between Bharti Airtel and MTN will not violate the foreign direct investment norms. At the same time, as the deal is not a pure acquisition, but getting completed under a scheme, a company source said...
Bharti-MTN deal may be biggest M&A in India’s history
The proposed $23-billion mega deal between Bharti Airtel and South Africa’s MTN would be the biggest ever M&A transaction involving an Indian company. The potential value of the Bharti Airtel-MTN deal, which...
Bharti, MTN set to ring new $23-b merger tone
Bharti Airtel Ltd and South Africa’s MTN Group have restarted merger talks to create a $20-billion (in revenue terms) emerging markets telecom entity, a year after previous talks broke down over who would control...
Telenor hikes stake in Unitech Wireless to 49%
Norway’s Telenor has raised its stake in Unitech Wireless to 49 per cent from 33.5 per cent, by infusing the second tranche of the funds (Rs 1,130 crore). Telenor had injected the first tranche of Rs 1,250 crore...
DoT puts 3G, TCIL stake sale on Cabinet panel’s agenda
The Department of Telecom has listed five issues on the agenda for the new Cabinet Committee on Economic Affairs including finalising the reserve price for 3G auction and sale of stake by Telecommunications Consultant...
Telenor completes 49% stake buy in Unitech Wireless
Norway-based Telenor today completed the acquisition for a 49 per cent stake in Unitech Wireless as it paid Rs 1,130 crore in the second tranche for a further 15.5 per cent stake in the company...
Valiant Communications – Updates on Buy Back Offer
SPA Merchant Bankers Ltd (Manager to the Buyback) on behalf of Valiant Communications Ltd ("Target Company") has issued this Post offer Public Announcement ("PA") to the equity shareholders /...
Telenor completes 49 pc stake purchase in Unitech Wireless
Norway-based Telenor on Wednesday completed the acquisition for a 49 per cent stake in Unitech Wireless as it paid Rs 1,130 crore in the second tranche for a further 15.5 per cent stake in the company. "Unitech...
Bharti open to acquiring domestic operators
Bharti Airtel on Friday said that it was open to acquiring domestic telecom operators as part of its strategy to add another 100 million subscribers in three years. The company, which today touched the 100-million mark...
