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...
Telecom
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...
Reliance considering bid for UK telecom firm BT in early talks: Report
Reliance Industries Ltd is considering an offer for British telecom company BT Group Plc, the Economic Times reported on Monday, citing unnamed sources familiar with the matter. Reliance might make an unsolicited offer...
KKR, CVC Capital in talks to jointly bid for Telecom Italia – Bloomberg News
KKR & Co and CVC Capital Partners are considering teaming up on a bid for Italy-based Telecom Italia SpA, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The two private-equity firms...
Thai regulator monitoring $8.6 bln merger of Telenor’s Dtac and True Corp
Thailand’s telecommunications regulator on Wednesday said it was closely monitoring the proposed merger of Telenor ASA’s Total Access Communication Pcl and Charoen Pokphand Group’s (CP Group) True...
U.S. FCC approves Verizon acquisition of TracFone Wireless
The U.S. Federal Communications Commission said on Monday it has approved Verizon Communications Inc’s more than $6 billion acquisition of pre-paid mobile phones provider TracFone Wireless with conditions to...
Government puts on sale MTNL, BSNL assets worth about Rs 1,100 crore
The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of around Rs 1,100 crore, according to documents uploaded on the DIPAM website. BSNL properties located...
