CVC Capital Partners and rival private equity investors are looking at a potential investment into the services arm of Telecom Italia (TIM) under a planned reorganisation of Italy’s former phone monopoly, sources...
KKR still interested in TIM buyout, wants to discuss Open Fiber deal
KKR remains interested in taking over Telecom Italia (TIM) and also wants to discuss the phone group’s own plans to combine its fixed line assets with those of state-backed rival Open Fiber, two sources said on...
No plan under consideration for disinvestment of BSNL: Devusinh Chauhan
The government has no plans for disinvestment of Bharat Sanchar Nigam Ltd (BSNL), Parliament was informed on Wednesday. Minister of State for Communications Devusinh Chauhan in a written reply to the Lok Sabha also...
Nielsen rejects takeover approach from consortium that valued at $9.1 bln
Nielsen Holdings said that the company has rejected an unsolicited acquisition proposal from a private equity consortium that valued the TV ratings company at $9.13 billion. The consortium had proposed to acquire...
Govt seeks to merge BharatNet with BSNL this month: Report
In the telecom sector, the merger of two government-owned companies have taken limelight on Sunday. It is said that Bharat Broadband Nigam Limited (BBNL) will be merging with loss-making telecom operator Bharat Sanchar...
Infra funds circle Vodafone for $16 billion Vantage Towers deal
Global infrastructure funds have approached Vodafone to invest in its $16 billion mast company Vantage Towers but the telecoms giant’s preference is for an industry merger, sources familiar with the matter told...
Supreme Court stays Siva Industries liquidation after appeal by promoters
The Supreme Court (SC) has stayed a National Company Law Appellate Tribunal (NCLAT) order liquidating C Sivasankaran promoted Siva Industries & Holdings (SiH) further dragging the already delayed two and a half-year...
Telecom Italia to start talks with KKR, explore Open Fiber merger
Telecom Italia said on Sunday it would start formal talks with KKR to assess the U.S. fund’s potential 10.8 billion euro ($11.8 billion) offer for Italy’s biggest phone group, almost four months after the...
Vodafone UK in talks to sell residual 21% in Indus Towers
UK’s Vodafone Group Plc is in advanced talks with American Tower Co (ATC), Crown Castle International, Brookfield and other long-term sovereign and pension money managers to sell its remaining 21% stake in Indus Towers...
Italy masts M&A looms as government moves to cut Rai Way stake – sources
Prime Minister Mario Draghi has approved a decree allowing Italy’s state broadcaster RAI to cut its holding in towers unit Rai Way below 51%, three government officials said, in a move expected to trigger sector...
UK regulator orders Cellnex to sell 1,000 towers to buy CK Hutchison units
Britain’s competition watchdog on Thursday approved Spanish mobile telephone infrastructure operator Cellnex’s acquisition of Hong Kong-based CK Hutchison’s British assets if it sells at least 1,000...
Airtel shareholders approve Google investment, Rs 1.17 tn biz deals
Bharti Airtel shareholders have approved the issue of preferential shares to Google for its about Rs 7,500 crore investment in the company to buy 1.28 per cent stake. A special resolution to approve Google’s...
