Tejas Networks has bought the residual 0.97% stake to acquire its targeted 64.40% holding in Saankhya Labs. “Tejas Networks has acquired the remaining balance of 93,571 equity shares of Saankhya Labs at Rs 454.19 per...
Indus towers stake sale: Vodafone and Canada’s CDPQ in talks
Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) is in talks with Vodafone Plc to buy the residual 21% stake the UK telecom major owns in Indus Towers, India’s largest mobile tower installation...
Telefonica to sell majority stake in Peru fibre network, Expansion says
Spanish telecom firm Telefonica is in talks to sell a controlling stake in its fibre network in Peru to U.S. buyout fund KKR, Expansion newspaper reported on Thursday, citing unidentified market sources. Expansion did...
South Africa network provider rain to submit merger proposal to Telkom in due course
South Africa’s data-only network provider rain intends to submit a formal non-binding proposal to bigger rival Telkom in due course, it said on Tuesday, after retracting a media statement on its merger proposal...
Rogers, Shaw sign agreement to sell Freedom Mobile to Quebecor
Rogers Communications Inc and Shaw Communications Inc have finalised an agreement to sell Freedom Mobile to Videotron, a unit of Quebecor Inc, the companies said on Friday, paving the way for a merger of Canada’s...
Satellite operators SES and Intelsat in merger talks, Financial Times reports
Luxembourg-based satellite group SES SA is in talks to merge with its U.S. rival Intelsat SA, the Financial Times reported on Thursday, signaling consolidation in the rapidly changing and competitive industry. Last...
Cabinet clears BSNL-BBNL merger, approves revival package worth Rs 1.64 lakh cr
The Union Cabinet on Wednesday cleared the merger of Bharat Broadband Network Limited (BBNL) into the state-owned telecom operator Bharat Sanchar Nigam Limited (BSNL) during the cabinet meeting. With the merger, BSNL...
Eutelsat close to deal for UK satellite operator OneWeb
French satellite company Eutelsat is poised to buy British rival OneWeb in a deal that could be announced as early as Monday, two sources close to the negotiations said. OneWeb was valued at $3.4 billion in its most...
Orange and MasMovil sign $19 billion merger deal in Spain
Orange and MasMovil have signed a binding agreement to combine operations in Spain in a deal valuing the merged entity at close to $19 billion, the two telecoms firms said in a statement on Saturday. The merger creates...
Centre not mulling to privatise MTNL: Minister Devusinh Chauhan
With speculations rising on privatising state-owned Mahanagar Telephone Nigam Ltd (MTNL), the Minister of State for Communications Devusinh Chauhan said in a written reply to the Rajya Sabha on 22 July said that the...
Qatar telecoms firm Ooredoo in talks to sell its Myanmar unit – sources
Qatari telecommunications firm Ooredoo is in talks to sell its Myanmar unit in what would mark the exit of the country’s last foreign telecoms operator, two people familiar with the matter told Reuters. The people...
Infratil’s Vodafone NZ to sell mobile tower assets for $1.1 billion
New Zealand’s infrastructure investment company Infratil Ltd said Vodafone New Zealand would sell its passive mobile tower assets for NZ$1.7 billion ($1.05 billion) to funds managed by two global investment firms...
