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...
Telecom
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...
Airtel to acquire 4.7% stake in Indus from UK’s Vodafone
Bharti Airtel Friday said it has entered into an agreement to acquire a 4.7% stake in Indus Towers from UK’s Vodafone Group Plc in cash via a block deal. “Bharti Airtel (“Airtel”) has entered into an agreement with...
Vodafone raises Rs1,443 cr by selling 2.4% in Indus Towers
UK’s Vodafone Group Plc raised around Rs 1,443 crore by selling a 2.4% stake in Indus Towers through a block deal to unnamed investors on Thursday. Vodafone sold 63.6 million shares held by unit Euro Pacific Securities...
Vodafone Group in talks with Airtel to sell up to 5% stake in Indus Towers; to infuse proceeds in Vi
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...
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...
