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)...
Thai telco regulator gives conditional clearance to True, DTAC merger
Thailand’s telecommunications regulator cleared the merger of the country’s second and third largest mobile operators, True Corporation Pcl and Telenor ASA’s Total Access Communication Pcl with conditions. The...
Reliance Jio in talks with global lenders to raise $1.5 billion
Reliance Jio Infocomm is planning to raise an additional $1.5 billion (Rs 12,300 crore) via external commercial borrowings (ECBs) to fund its 5G capex, three persons familiar with the matter told ET. It has reached out...
Vodafone in advanced talks to finalise Vantage stake sale by Nov. 15 – sources
Vodafone is speeding up talks with a handful of financial investors to sell a slice of its wireless towers unit as it hopes to agree a deal by Nov. 15 to coincide with its half-year earnings, two sources close to the...
Thai telco regulator’s decision on $8.6 bln True-DTAC merger due next week
Thailand’s telecommunications regulator on Wednesday said it expects to make a decision on the merger of the country’s second and third largest mobile networks on Oct. 20, nearly a year after the deal was...
Telenor sells stake in Norway fibre unit for $1 billion
Norway’s Telenor said it had agreed to sell a 30% stake in its Norwegian fibre broadband unit for 10.8 billion crowns ($1.0 billion) to a consortium led by U.S. investment company KKR and pension firm Oslo...
