Sahara India Investment Corp Ltd has picked up a stake in one of the new telecom players STel Ltd, according to a report submitted by the Telecom Regulatory Authority of India (TRAI) to the Government. The report on how...
SEBI wants Bharti to clarify on stake hike
The Securities and Exchange Board of India has sought clarifications from Bharti Group on whether the company has violated its norms by increasing promoter’s stake in Bharti Airtel from 60.91 per cent to 67...
Panel backs M&A in telecom
A committee set up to resolve the controversy over allocation of airwaves or spectrum to telecom operators asked the government to modify its policies to allow consolidation in the industry, while opposing a three-year...
Valiant sells US subsidiary
Valiant Communications has announced to sell 60 percent of its total shareholding in its US subsidiary Valiant Communications and Technologies Inc to US based Orion Telecom Networks for a consideration of $390,000...
Wipro buys Nokia’s mobile TV unit
Wipro Technologies, the global IT arm of Wipro Ltd, has acquired the Mobile Broadcast Solutions unit of cellular handset maker Nokia for an undisclosed sum. The 40-employee enterprise mobile TV unit develops software...
Spice Mobile’s open offer to begin on June 11
Spice Mobiles said its promoter Spice Televentures’ Rs 16.27-crore open offer for a 20 per cent stake in the company will begin on June 11. Spice Televentures would acquire up to 1,49,27,600 shares at a price of...
Vodafone to acquire YOU broadband for Rs 400 crore.
Vodafone India has signed a pact to buy YOU Broadband for around Rs 400 crore and has sought approval from the Foreign Investment Promotion Board, said two people familiar with the transaction. On January 16, ET...
RCom-Aircel extend merger deal talks by 2 months
Reliance Communications is continuing exclusive talks with the promoters of Aircel on combining their wireless businesses, extending the period by 60 days to May 22 following “good progress made so far.”...
Bharti Airtel to sell tower assets in Tanzania for $180 mn
Bharti Airtel is continuing to monetise its passive infrastructure assets in Africa. The company said on Monday it had entered into an agreement with American Tower Corporation (ATC), through its subsidiary, Airtel...
Sistema Shyam shareholders approve merger with Reliance Communications.
Shareholders of telecom operator Sistema Shyam Teleservices (SSTL), which runs the MTS brand, today approved the merger of the company with Reliance CommunicationsBSE 0.48 % in a meeting convened by the Rajasthan High...
Vivendi ups Telecom Italia stake to just below bid threshold
French media group Vivendi (VIV.PA) has raised its stake in Telecom Italia (TLIT.MI) to 24.9 percent, just below the 25 percent threshold that would force it to launch a takeover bid, according to a filing with U.S...
Argentine regulator okays sale of controlling stake in Telecom Italia unit
Argentina’s new telecoms regulator on Thursday approved Telecom Italia’s sale of its controlling stake in Telecom Argentina to investment firm Fintech, a source at the regulator said. Telecom Italia agreed...
