Verizon said on Thursday it will buy fiber-optic internet provider Frontier Communications in an all-cash deal worth $20 billion, as the U.S. wireless carrier looks to grow its subscriber base. The deal will also help...
India’s Bharti to buy 24.5% stake in BT from Altice
India’s Bharti Enterprises said it would acquire a 24.5% stake in BT, worth 3.2 billion pounds ($4 billion), to buy out the British company’s top investor Patrick Drahi as his Altice group speeds up asset...
Airtel’s data centre business Nxtra, Indus Towers merger unlikely: CEO Vittal
Bharti Airtel is unlikely to merge its data centre business-Nxtra-with tower provider Indus Towers, as the company would prefer flexibility by keeping the assets unbundled, top executives of the country’s second...
Telkom Indonesia taps Goldman, Mandiri to seek strategic investor for data centre business
Indonesia’s state-owned communication giant Telkom Indonesia has appointed Goldman Sachs and Mandiri Sekuritas to help it find a strategic investor for its data centre business, according to a senior company...
Vodafone sells further 10% stake in Vantage Towers for 1.3 bln euros
Britain’s Vodafone said it sold a further 10% stake in Vantage Towers for 1.3 billion euros ($1.4 billion), bringing its ownership in a group which controls European mobile phone masts down to its intended level...
Govt considers handing over MTNL operations to BSNL; merger unlikely
The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said. A...
Liberty Global weighs stake sale in Swiss telecom unit Sunrise, sources say
Liberty Global has explored selling a stake in its Swiss telecoms operator Sunrise ahead of a planned spin-off later this year, three people familiar with the matter told Reuters. Talks have taken place with several...
Dialog acquires 100% in Airtel Lanka via share swap deal
Sri Lanka’s telecom market leader Dialog Axiata has acquired 100% in Bharti Airtel’s subsidiary in the island nation following the completion of an all-stock deal. “…. Bharti Airtel, Dialog Axiata PLC and Axiata Group...
UK’s Vodafone Group sells 18% in Indus for Rs 15,300 crore
UK’s Vodafone Group Plc said Wednesday that it has sold an 18% stake — out of its 21.05% holding — in Indus Towers for Rs 15,300 crore via an accelerated book-building offering. The stake sale proceeds will be used to...
Bharti Airtel buys extra 1% in Indus, boosts stake in towerco to Rs 48.95%
Bharti Airtel has acquired another 1% stake in Indus Towers for an undisclosed sum via an all-cash block deal, boosting its stake in the telecom tower company to 48.95% and inching closer to having a majority ownership...
KKR, GIC & DigitalBridge in fray to acquire Carlyle’ Nxtra stake for $700 million deal
Three contenders have queued up for Carlyle Group’s stake in telecom major Bharti Airtel’s data centre arm Nxtra Data Ltd, according to two people aware of the development. Private equity giant KKR, Singapore’s...
I Squared Capital, Stonepeak eye Vodafone’s Indus Towers stake in $2.3 bn deal
Private equity (PE) firm I Squared Capital and alternative investment firm Stonepeak are vying for Vodafone Group Plc’s 21.5% stake in Indus Towers Ltd in a deal potentially valued at around $2.3 billion, according to...
