Vodafone Group Plc is in talks to sell up to a 5% stake in tower firm Indus Towers to Bharti Airtel, and use the proceeds to plough into Vodafone Idea Ltd, as the self-mandated March deadline for the loss-making Indian...
Telecom
Bharti Airtel acquires strategic stake in blockchain technology startup Aqilliz
Bharti Airtel on Thursday announced the acquisition of a strategic stake in blockchain technology startup Aqilliz. Singapore-based Aqilliz has developed a patented hybrid blockchain platform, Atom that integrates...
Telecom Italia to decide on KKR approach by mid-March
Telecom Italia (TIM) is expected to make a decision on a 10.8 billion euro ($12.2 billion) takeover proposal from U.S. private equity firm KKR by the middle of next month. The U.S. private equity fund made a non-binding...
Vodafone rejects $13 bln Iliad, Apax approach for Italian business
Britain’s Vodafone rejected a preliminary approach for its Italian business from France’s Iliad and Apax Partners worth more than 11 billion euros, the first public skirmish in what could be a new wave of...
Telecom firm Syniverse, SPAC M3-Brigade scrap $2.85 billion merger
Telecom services firm Syniverse Technologies and special purpose acquisition company M3-Brigade Acquisition II Corp have mutually terminated their $2.85 billion merger, the blank-check firm said on Wednesday, amid...
Re-bid for non-core PSU telco assets soon
The government will go for re-bidding of non-core assets of telecom public sector units Bharat Sanchar Nigam Limited and Mahanagar Telecom Nigam Limited after it received a lacklustre response in the first-ever sale of...
Orange in talks to merge its Spanish unit with rival MasMovil, Expansion says
French telecom operator Orange is exploring merging its Spanish unit, the country’s second largest, with local rival MasMovil, Expansion newspaper reported on Tuesday, citing unidentified market sources. The...
Airtel buys 25% stake in desi tech startup Lavelle Networks for undisclosed sum
Bharti Airtel has announced an agreement to acquire a 25% stake in Bengaluru-based tech startup, Lavelle Networks for an undisclosed sum just days after receiving a $1 billion investment commitment from US tech giant...
Google to invest up to $1 bln in India’s Bharti Airtel
Alphabet Inc’s Google will invest up to $1 billion in Bharti Airtel in a move that could help bolster the Indian telecom operator’s digital offerings, the companies said on Friday. The investment includes a...
DoT to raise ₹7,000 crore from TCIL stake sale in Bharti Hexa
The Department of Telecommunications (DoT) is planning to raise about ₹7,000 crore by selling a 30% stake of state-owned Telecommunications Consultants India Limited (TCIL) in Bharti Hexacom, said people aware of the...
M&C Saatchi suitor AdvancedAdvT makes fresh offer with cash alternative- Sky News
AdvancedAdvT has made a fresh takeover offer for advertising giant M&C Saatchi which includes a partial cash alternative for investors in the British group, Sky News reported on Sunday. AdvancedAdvT is the vehicle...
Singtel buys minority stake in Indonesian bank for about $35 mln
Singapore Telecommunications, Southeast Asia’s largest telecommunications operator, said on Friday it has bought a 16.3% stake in PT Bank Fama International for 500 billion rupiah ($34.9 million) to pursue banking...
