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...
Telecom
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...
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...
