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...
Government may delist MTNL to merge with BSNL
The government is looking into the process of delisting state-run telecom carrier Mahanagar Telephone Nigam Limited (MTNL) ahead of the merger with another state telecom firm Bharat Sanchar Nigam Limited (BSNL). “The...
Liberty Global buys 4.3% stake in Vodafone betting on share revival
Vodafone Group Plc shares gained as much as 2.4% after Liberty Global Plc said it had acquired a 4.9% stake in the rival British telecom group, in a surprise bet on Vodafone’s plans to revamp its business. Liberty...
S.Africa’s Telkom could open sale of stake in fibre unit by March
South Africa’s Telkom could start the sale of a minority stake in its core fibre business by March, it said on Tuesday, as part of a slew of measures it announced to unlock value and shore up profits, pushing its...
Orange set to gain EU nod for Belgian deal, sources say
Orange is set to secure EU antitrust approval for its bid for a majority stake in Belgian peer VOO SA after the French telecoms provider signed a deal with Liberty Global’s Telenet to address the regulator’s...
Cornerstone owners plan to sell 25% of mobile mast firm- sources
Telefonica and Liberty Global are preparing to invite bidders for a 25% stake in Britain’s largest telecoms tower company as they seek to cash in on part of their investment, according to two sources familiar with...
Bharti Airtel acquires 23 per cent stake in Indus Towers held by subsidiary Nettle Infrastructure
Telecom operator Bharti Airtel has increased its direct stake in Indus Towers by acquiring 23.01 per cent shares held by its completely owned subsidiary Nettle Infrastructure, a regulatory filing said on Saturday...
Bharti Airtel completes amalgamation of Nettle Infrastructure, Telesonic Networks
Bharti Airtel said it has completed the merger of wholly owned subsidiaries Nettle Infrastructure Investments Limited (Nettle), Telesonic Networks Limited (Telesonic). The amalgamation is effective February 1 and was...
