Bharti Airtel Ltd on Thursday said it has closed the $1 billion investment deal with Google International LLC, with the search giant holding 1.2% in India’s No. 2 telecom service provider. The Sunil Mittal promoted...
Ericsson’s $6.2 bln Vonage takeover gets U.S. clearance
Telecom firm Ericsson has received clearance from the U.S. national security panel to complete a $6.2-billion acquisition of cloud communications firm Vonage, the Swedish company said on Friday. In the largest...
Deutsche Telekom to sell tower business to N. American consortium -Handelsblatt
Deutsche Telekom will sell 51% of its tower business to a consortium of Canada’s Brookfield and private equity group DigitalBridge Group Inc after they placed a surprise bid, Handelsblatt reported on Wednesday...
Australia’s Telstra completes Digicel Pacific buyout
Telstra Corp Ltd said it had completed the acquisition of Digicel Pacific, backed by funding from the Australian government after a tax dispute between Papua New Guinea (PNG) and Digicel threatened to stall the sale...
Mittal family’s plan to buy Airtel stake from Singtel hits valuation bump
A difference over valuations is holding back the proposed $1.5-2 billion purchase of shares in Bharti Airtel by founder Sunil Mittal’s family from Singapore Telecommunications Ltd (Singtel), said people with knowledge...
Cisco in talks to buy Airtel-Vi JV FireFly Networks for Rs 200 crore
Cisco Systems is in advanced talks to buy out Airtel-Vodafone Idea’s WiFi joint venture (JV) for an enterprise value of ₹200 crore, according to sources aware of the matter. A team of executives from the US...
Rcom fails to attract buyers for non-core assets
Bankrupt telco Reliance Communications, which is undergoing insolvency proceedings, has failed to attract any buyers for its non-core assets it put on sale earlier this year. In March, the company through its appointed...
Rogers, Shaw start Canada antitrust talks over blocked C$20 billion merger
Canada’s antitrust authority, Rogers Communications and Shaw Communications will begin two-day negotiations on Monday to discuss possible remedies to the contested C$20 billion ($15.5 billion) takeover of Shaw by...
CCI approves Google’s 1.28% stake buy in Bharti Airtel
The Competition Commission of India approved Google’s investment of nearly $1 billion for 1.28% in Bharti Airtel. “The CCI approved the proposed combination on the basis of modifications offered by the Acquirer (Google...
Cellnex offers stake to Deutsche Telekom as part of towers bid -sources
Spain’s Cellnex has offered Deutsche Telekom a small stake in its business as part of efforts to take control of the German firm’s towers unit in a deal worth about 18 billion euros ($18.8 billion), sources...
Ericsson’s $6.2 bn Vonage takeover delayed over US review
Ericsson said the closing of its $6.2 billion Vonage acquisition was delayed to the end of July, from the first half of the year, due to a pending investigation by a U.S. national security panel. The Swedish telecom...
Canada’s Rogers, Shaw, watchdog agree to start mediation over C$20 bln deal
Rogers Communications Inc, Shaw Communications Inc and Canada’s competition bureau have agreed to start a mediation process to overcome the agency’s antitrust issues posed by Rogers’ C$20 billion ($15...
