State-run Telecommunication Consultants India Limited (TCIL) is likely to sell its remaining 15% share in Bharti Hexacom in multiple tranches for a windfall income. “The government is considering selling out 15%...
Bharti Global completes acquisition of 24.5% stake in BT Group
Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5% stake in UK’s BT Group plc, marking the Sunil Mittal-led company’s second major international foray after...
Tata Communications divests 100% stake in ATM biz for Rs 330 cr
Tata Communications is set to divest its entire 100% stake to Transaction Solutions International (India) (TSI), a company majority-owned by Australia’s digital payments and financial services provider, Findi. The deal...
Frontier shareholders approve $9.6 billion deal with Verizon
Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as a number of large investors sought to get a higher price. Shareholders had until Wednesday to...
Bharti Telecom hikes stake in Airtel to 40.33%
Bharti Telecom Ltd (BTL), the key promoter company of Bharti Airtel, has increased its stake in the Sunil Mittal-led telco to 40.33% by acquiring an additional 1.2% from another Airtel promoter group entity, Indian...
KKR, Singtel gets Competition Commission’s approval to acquire stake in STT GDC
The Competition Commission of India (CCI) on Tuesday cleared KKR-affiliate Ruby Asia Holdings II and Singtel’s proposal to acquire a stake in STT GDC. ST Telemedia Global Data Centres (STT GDC) is a wholly-owned...
Blocked Vodacom merger derails S.African telcos M&A push, analysts say
The Competition Tribunal’s decision to block a merger between Vodacom and a major fibre operator will likely derail a push by South African telecoms firms to use big M&A deals as a shortcut to digital...
AT&T announces $1 bln fiber deal with Corning
AT&T said on Monday it had struck a $1 billion multi-year deal with Corning to buy fiber, cable, and connectivity solutions, as the U.S. telecom giant looks to expand its high-speed internet services. WHY IT’S...
Verizon bid for Frontier faces investor skepticism, sources say
Some of Frontier Communications’ largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications, with its second-largest investor planning to vote against the deal, three...
Australia’s TPG to sell fibre, fixed assets to Vocus for $3.5 bln
Australia’s TPG Telecom said on Monday it would carve out its fibre and fixed network infrastructure assets in a sale to Macquarie and pension fund Aware Super-owned telecommunications group Vocus for A$5.25...
Vodafone’s UK merger with Three raises competition concerns, regulator says
Vodafone Group’s deal to merge its U.K. business with rival operator Three raises competition concerns, the U.K.’s antitrust authority said, creating uncertainty on a deal poised to shake up the country’s...
Mobileum emerges from Chapter 11 bankruptcy process
U.S. telecom services provider Mobileum said on Thursday it had emerged from the Chapter 11 bankruptcy process, and secured $60 million of new financing to fund its bankruptcy process, with $100 million of financing for...
