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...
American Tower, Cellnex mull offer for stake in Vodafone’s Vantage Towers – Bloomberg News
American Tower Corp and Spain’s Cellnex Telecom SA are mulling entering the race for a stake in telecom giant Vodafone Group Plc’s $13 billion tower unit Vantage Towers, Bloomberg News reported on Friday...
Vodafone in talks for UK merger with Hutchison’s Three, shares rise
Vodafone is in talks with CK Hutchison about merging their businesses in Britain to create a market leading mobile network that could accelerate the roll-out of 5G services and expand broadband availability...
Singtel completes sale of 3.33% stake in Bharti Airtel
Singapore Telecommunications Ltd (Singtel) has concluded its planned sale of a 3.33% stake in Bharti Airtel for around $1.76 billion (about Rs 14,400 crore). Bharti Telecom Ltd (BTL), a key promoter company of the...
Singtel arm sells 1.59% stake in Bharti Airtel for Rs 7,261 crore
Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel’s promoter Bharti...
NCLAT rejects claims of Reliance Infratel’s ‘indirect’ creditors
The appellate tribunal’s order derecognising some indirect creditors of Reliance Infratel as financial claimants could significantly delay the resolution of the telecom infrastructure company, once owned by Anil...
Bharti Telecom to raise up to ₹6,000 crore debt via NCDs
Bharti Telecom (BTL), a key promoter company of Bharti Airtel, plans to raise up to ₹6,000 crore of debt via non-convertible debentures (NCDs) to buy the balance portion of the 3.33% stake that Singapore...
Route Mobile targets twin acquisitions by FY23 end to expand digital security business
Route Mobile, a leading cloud communications platform service provider, is set to conclude two acquisitions by end-FY23 as it looks to grow its business of offering security solutions to thwart digital fraud, a top...
