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...
Govt to acquire Vodafone Idea stake after share price stabilises at Rs 10 or above
The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source. Vodafone Idea (VIL) board has offered a stake to the...
Italy’s TIM gears up to sell minority stake in enterprise service arm
Telecom Italia (TIM) is close to kicking off a process to sell a minority stake in its enterprise service arm, two sources close to the matter said, as CEO Pietro Labriola strives to revamp Italy’s biggest phone...
T-Mobile sells wireline business to Cogent for $1, expects hefty charge
T-Mobile US Inc is doubling down on 5G services after it struck a deal to sell its wireline business to Cogent Communications Holdings Inc for $1, while taking a $1 billion charge on the transaction. The deal includes a...
‘Bharti Telecom will need to raise debt to fund its Airtel stake buy’
Bharti Telecom, a key promoter company of Bharti Airtel, will need to raise debt to fund the purchase of a 3.33% stake in the Indian telecom operator for $1.61 billion (about Rs 12,900 crore) from Singtel, IIFL...
Bharti Telecom acquires 3.33% Airtel stake from Singtel in $1.61 billion deal
Singapore Telecommunications (Singtel) has decided to sell a 3.33% stake in Bharti Airtel to Bharti Telecom (BTL) – the promoter company of Bharti Airtel – for SGD2.25 billion ($1.61 billion approx). Post-the-sale...
BSNL to sell 10,000 towers as part of monetisation plans
Bharat Sanchar Nigam Limited (BSNL) has kicked off a process to sell 10,000 telecom towers to meet targets laid out by the Centre as part of its national monetisation pipeline (NMP), people aware of the development told...
Orban tightens hold over telco sector as Vodafone sells Hungarian unit
Britain’s Vodafone will sell its Hungarian business for 715 billion forints ($1.8 billion) in cash to local IT company 4iG and the Hungarian state, consolidating the hold of Prime Minister Viktor Orban’s...
