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...
Telecom
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...
Myanmar junta backs Telenor unit sale after buyer M1 pairs with local firm – sources
Lebanon’s M1 Group will partner with a Myanmar firm to take over Norwegian telco Telenor’s business in the Southeast Asian country after its military junta sought a local buyer, three sources familiar with...
Govt to pick up 9.5% stake in Tata Teleservices subsidiary
The Indian government will pick up an unspecified equity stake in Tata Teleservices (TTL) and a 9.5 per cent stake in Tata Teleservices Maharashtra after the firms opted for the government’s relief measure of converting...
Bharti Airtel drops plan to merge digital assets into listed arm
India’s second largest mobile service provider Bharti Airtel has shelved plans to amalgamate its digital businesses into the listed entity and demerge its core telecom business into a separate subsidiary. This was...
Indonesia approves merger of units of Qatar’s Ooredoo, CK Hutchison
Indonesia on Tuesday approved a $6 billion merger of telco units of Qatar’s Ooredoo and Hong Kong’s CK Hutchison and set a deadline of 2025 for the merged entity to ramp up its services, its communication...
Telefonica buys Ericsson 5G equipment to replace some Huawei gear
Telefonica has bought 5G network equipment from Swedish manufacturer Ericsson to replace some of the Huawei gear it has rolled out in Spain, a source at the Spanish firm said on Monday, confirming a report in Expansion...
DoT moves NCLAT against resolution of Videocon; claims Rs 881.92 cr due from Videocon Telecom
The Department of Telecommunication (DoT) has moved the insolvency appellate tribunal NCLAT against the NCLT order approving the consolidated resolution plan for 13 companies of Videocon Group, including Videocon...
India’s Bharti Airtel in talks to buy majority stake in Dish TV – report
Indian telecom operator Bharti Airtel Ltd is in early talks to buy a majority stake in broadcast satellite service provider Dish TV India Ltd, financial daily Mint reported on Thursday, citing people familiar with the...
