Canada’s competition bureau is expected to ask Rogers Communications Inc to sell Shaw Communications Inc’s cellular business to overcome antitrust concerns presented by Rogers’ C$20 billion ($15.4...
Carlyle completes acquisition of 24% stake in Airtel’s Nxtra for Rs 1,788 crore
Bharti Airtel said that CA Cloud Investments, an affiliate the US-based Carlyle Group, has completed the acquisition of 24.04% stake in the Indian telco’s data centre subsidiary Nxtra Data. In a filing to the...
Vodafone Idea raises Rs 436 cr from Vodafone Group
Vodafone Idea, jointly promoted by Vodafone Group and the Aditya Birla Group, will raise Rs 436.21 crore from its UK parent at Rs. 10.20 a unit, as the cash-strapped telecom operator aims to mop up all the funds it...
Nxtra picks up 11.7% stake in Avaada MHAmravati
Nxtra Data, a subsidiary of the Bharti Airtel, has entered into a pact to buy 5.1 million equity shares in Avaada MHAmravati Private Ltd. which amounts to an 11.696% stake in the company. The transaction was carried out...
A classic merger without a single pink slip, says Indus Towers CEO Bimal Dayal on Bharti Infratel merger
Indus Towers is riding on strong tailwinds, with quite a few growth avenues in the coming future, CEO Bimal Dayal told ET’s Subhrojit Mallick. He said that all the private and publicly-owned telcos are talking about 5G...
Vivendi against sale of TIM’s network if it undervalues asset – paper
Telecom Italia’s (TIM) top investor Vivendi would oppose a sale of the Italian phone group’s fixed network that undervalues TIM’s main infrastructure asset, and would be ready to assess other options...
Rogers agrees with Canada’s competition bureau to put Shaw merger on hold
Rogers Communications Inc on Monday said it will not proceed to close its proposed C$20 billion ($15.8 billion) purchase of Shaw Communications Inc until it reaches a deal with the competition bureau or the competition...
Bharti Airtel stake sale talks ‘market speculation’, says Singtel
Singtel dubbed reports of selling stake in Bharti Airtel as ‘market speculation’ on its intention to sell 1-2% of its stake in the Indian telecom major for around $1-2 billion. “We would like to make...
Singtel set to dial Sunil Mittal to sell part stake in Bharti Airtel
Singapore Telecommunications Limited, commonly known as Singtel, has initiated talks with Bharti Airtel chairman Sunil Mittal to sell a small part of its holding in the Indian telco to the Mittal family, said people...
Emirates Telecommunications acquires 9.8% stake in Vodafone
Emirates Telecommunications Group Company PJSC, now known as (e&), said on Saturday it has acquired a 9.8% stake in Vodafone for $4.4 billion. The move came days after e& said it is looking to expand into new...
Canadian bid to block Rogers-Shaw mega-deal more a long shot than lock
Canada’s Competition Bureau has blocked Rogers Communications’ C$20 billion ($15.4 billion) proposal to buy Shaw Communications, but the regulatory agency’s patchy record in legal fights raises the...
Government to hold 33% stake in Voda Idea post equity conversion: Ravinder Takkar
The government will hold around 33% in Vodafone Idea (Vi), post-conversion of the latter’s accrued interest liability (on deferred dues) into equity, while the telco’s promoters—UK’s Vodafone Plc and India’s Aditya...
