The Competition Commission of India (CCI) has given the green light to the proposed acquisition of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd. The...
Airtel Lanka to merge with Dialog Axiata in Sri Lanka
Bharti Airtel has signed a binding agreement to merge its Sri Lankan unit into market leader Dialog Axiata through a stock deal which will create a stronger number one in the country. In a joint statement on Tuesday...
Saudi Arabia’s TAWAL to buy European towers from United Group
TAWAL, a unit of Saudi Telecom Company (stc), agreed to buy tower infrastructure worth 1.22 billion euros ($1.34 billion) from United Group in its first foray into Europe’s telecoms market, the southeast European...
Virgin Media O2 kicks off stake sale in Cornerstone – FT
Virgin Media O2 has kicked off the sale of all or part of its share in Cornerstone, which owns and manages Britain’s largest mobile tower network and is likely to be valued at up to 3 billion pounds ($3.73...
China Mobile explores acquiring Hong Kong telecom firm HKBN – sources
State-owned China Mobile Ltd is exploring a buyout of Hong Kong’s leading telecoms company HKBN Ltd, four people with knowledge of the matter said, which could spark a bidding war for the firm currently valued at...
Canada set to approve Rogers takeover of Shaw with transfer -Globe and Mail
Canada is set to approve on Friday a transfer of wireless licenses that will finally settle Rogers Communications Inc’s C$20 billion ($15 billion) bid for Shaw Communications Inc, the Globe and Mail reported...
T-Mobile set to acquire Mint Mobile in $1.35 billion deal
T-Mobile announced on Wednesday that it has made a move to improve its prepaid offerings by acquiring Ka’ena Corporation, the parent company of popular prepaid wireless brands Mint Mobile and Ultra Mobile, as well...
ATC plans stake sale in India operations, cites weak customer financials
American Tower Corp (ATC) has said it is exploring the sale of an equity stake in its India operations to one or more private investors amid a challenging business environment in the country. The Boston-based tower...
Reliance Jio to buy U.S.-based Mimosa Networks for $60 mln
Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on...
Egypt offers to sell 10% government stake in Telecom Egypt – sources
Egypt is offering to sell a 10% stake in state-controlled Telecom Egypt, sources with knowledge of the offer said on Monday. The sale of state assets would be one of the first to buyers other than Gulf sovereign funds...
Italy’s CDP bids for TIM’s grid to rival KKR approach
Italian state lender CDP said on Sunday its board had approved a non-binding offer for the fixed-line network of former phone monopoly Telecom Italia (TIM), adding it would be valid until March 31. CDP has teamed up...
Italy close to approve CDP, Macquarie bid for TIM’s grid- Bloomberg News
Italy is close to granting preliminary approval to a multibillion-euro offer by state lender CDP and Macquarie Group for Telecom Italia’s landline network, Bloomberg News reported on Saturday citing people...
