Canada’s competition agency said on Tuesday that concessions offered by Rogers Communications Inc to acquire Shaw Communications Inc in a $16 billion deal were insufficient. The companies have proposed full...
Canada’s Commissioner of Competition plans to oppose Rogers, Shaw $16 billion merger
Canada’s Commissioner of Competition intends to oppose Rogers Communications Inc’s proposed C$20 billion ($16 billion) merger with Shaw Communications Inc, the companies said in a statement early Saturday...
Route Mobile to buy Teledgers’ blockchain, DLT platform for about Rs 130 cr
Enterprise communications service provider Route Mobile will acquire the artificial intelligence-based blockchain and DLT platform of Teledgers Technology for over Rs 130 crore, according to a regulatory filing. Under...
Bharti Airtel buys 7% stake in NaaS startup Cnergee Technologies
Bharti Airtel, India’s second largest telco, has acquired a 7% stake in Cnergee Technologies, a cloud-based networking solutions provider under the Airtel Startup Acceleration Program. The Navi Mumbai-based startup has...
Will BBNL’s merger with BSNL expedite Bharat Net project?
A flagship scheme of the Digital India campaign, the ambitious BharatNet project launched to connect India’s gram panchayats with high-speed broadband has long been marred by delays. It was started in 2011 as the...
Deutsche Telekom reviews bids for full or partial sale of mobile towers – sources
Deutsche Telekom is reviewing proposals to sell a majority or minority stake in its towers business from a slew of financial and corporate investors that have approached the German company with takeover options, sources...
Government defers proposal to merge BSNL, MTNL due to financial reasons
The government has deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons, Parliament was informed on Wednesday. Minister of State for Communications Devusinh Chauhan in a written reply to...
Airtel completes acquisition of 4.7% stake in Indus Towers from Vodafone Group
Bharti Airtel along with its wholly-owned subsidiary has acquired about 4.7 per cent stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group, a stock exchange filing said on Tuesday. The...
ProSieben says top investor MFE rejects supervisory board deal
ProSiebenSat.1 said on Monday that MediaForEurope (MFE) had rejected the offer of a seat on the supervisory board of the German broadcaster, suggesting that no compromise has been reached with its top investor ahead of...
Bharti Airtel to acquire 7% stake in Avaada KNShorapur
Bharti Airtel has entered into an agreement to acquire over 7 per cent stake in Avaada KNShorapur for Rs 1.74 crore as cash consideration, the telecom company said in a regulatory filing on Sunday. Avaada KNShorapur is...
CVC makes non-binding bid for stake in TIM’s enterprise services -sources
CVC Capital Partners has submitted a non-binding expression of interest for a stake up to 49% of Telecom Italia’s (TIM) enterprise services arm, two sources said on Saturday. The non-binding approach targets a...
Airtel to acquire Vodafone’s 4.7% stake in Indus Towers for Rs 2,388 cr
Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing. The transaction will be executed at a price of Rs 187.88 per...
