Telecom Italia (TIM) has received a non-binding bid for a controlling stake in its fixed-line network from U.S. fund KKR, and Italy’s biggest phone group said its board would meet again later this month to assess...
Airtel won’t oppose Vodafone’s bid to sell Indus stake to external buyer
Bharti Airtel, the largest shareholder of Indus Towers, will waive its right of first refusal if UK’s Vodafone Group finds an external buyer for its 21.05% stake in India’s top telecom tower company, two...
Ghana approves sale of controlling stake in Vodafone Ghana to Telecel Group
Ghana has granted Vodafone International Holdings approval to sell its 70% stake in Vodafone Ghana to Telecel Group, the country’s telecoms regulator said on Monday. The National Communications Authority (NCA)...
Canada competition tribunal approves $14.8 bln Rogers-Shaw merger
Canada’s competition tribunal on Thursday approved the C$20 billion ($14.77 billion) merger between Rogers Communications Inc and Shaw Communications Inc that would create the country’s second-largest...
Media mogul Michael Bloomberg looking to buy Dow Jones or Washington Post- Axios
Billionaire Michael Bloomberg, the owner of Bloomberg L.P., is interested in acquiring either Wall Street Journal parent Dow Jones or the Washington Post, news website Axios reported on Friday, citing an unnamed source...
Tata Comm to acquire US-based Switch Enterprises for Rs 486 cr
Tata Communications will acquire New York-based end-to-end live video production company The Switch Enterprises in an all-cash deal for Rs 486 crore, the company said on Thursday. With both companies coming together...
Reliance Infratel goes to Jio for Rs 3,720 crore for asset acquisition
Reliance Projects and Property Management Services — a subsidiary of telecom major Reliance Jio — has deposited Rs 3,720 crore in an SBI escrow account to acquire mobile tower and fibre assets of Reliance Infratel. The...
Airtel acquires strategic stake in Lemnisk
Bharti Airtel has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under its StartUp Accelerator Program. Through this acquisition, the telco will work towards creating a customer data platform (CDP)...
BSNL-BBNL merger close to finalisation, Deloitte to submit report on Friday
Bharat Sanchar Nigam Ltd (BSNL) and Bharat Broadband Network’s (BBNL) merger to set up the country’s largest optic fibre cable (OFC) network is reportedly close to finalisation. According to a report...
NCLT orders urgent implementation of Reliance Infratel resolution plan
The National Company Law Tribunal (NCLT) in Mumbai has directed that the insolvency resolution plan which will see an arm of Reliance Jio take over Reliance Communications’ bankrupt tower and fibre unit be implemented...
NCLT clears Reliance Infratel’s acquisition by Jio
The National Company Law Tribunal (NCLT) in Mumbai approved Reliance Infratel Ltd’s (RITL) acquisition by Reliance Project and Property Management Services Ltd (RP&PMSL), an arm of Reliance Jio that looks into the...
Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process
The Reliance Infratel (RTIL) bankruptcy resolution may be finally headed for a close after two years. A Reliance Jio Infocomm arm has recently moved a fresh application in the National Company Law Tribunal (NCLT)...
