Alibaba has no plans to sell Hong Kong’s South China Morning Post, the e-commerce giant’s co-founder Joe Tsai was quoted as saying in a letter to SCMP staff seen by Reuters, following a Bloomberg News...
Telecom
Three FIIs jointly acquire 2.64% stake in telecom equipment maker HFCL
Three foreign institutional investors — Vanguard, Quant Mutual Fund and Norges — have collectively acquired 2.64 per cent in telecom gear makers HFCL Ltd. While Vanguard bought 1.86 per cent through four...
NCLAT asks NCLT to provide hearing opportunity to 2 top Videocon Telecom execs whose bank accounts were frozen
The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to go for “fresh determination” and pass a new order after providing opportunity of hearing to two former employees of Videocon...
Telstra to buy Digicel Pacific in Australia government-backed $1.6 billion deal
Telstra Corp Ltd said on Monday it agreed to buy the Pacific operations of telecom firm Digicel Group in a $1.6 billion deal largely funded by the Australian government and seen as a way to block China’s rising...
Vodafone Idea in talks to raise up to $1 billion in equity
(Vi) is in advanced talks to sell a minority stake to global private equity investors including Apollo Global Management and Carlyle to raise up to $1 billion, or approx. Rs 7,540 crore, over the next two-to-three...
Telefonica sells El Salvador mobile phone unit in $144 million deal
Spain’s Telefonica said it had agreed to sell its mobile phone unit in El Salvador in a deal valued at $144 million. It sold the business to General International Telecom, it said in a statement. Telefonica owns a 60%...
HC stays criminal proceedings initiated by Vindhya Telelinks subsidiaries
The Calcutta High Court, on Friday, stayed a criminal petition against “directors or erstwhile directors” on the board of three M P Birla group companies. The petition was filed by Vinay Sureka in Calcutta...
Telefonica mulls selling stake in its Spanish fibre network – source
Spanish mobile and broadband operator Telefonica is considering selling a minority stake in its extensive Spanish fibre network following interest from the market, a source with knowledge of the sector told Reuters on...
Tata Group makes open offer to buy 26% in Tejas Networks for ₹1,038 cr
Tata Group firms on Friday made open offer to acquire upto 26% stake in domestic telecom gear firm Tejas Networks for around ₹1,038 crore. The offer is part of Tata Group’s bid to acquire a controlling stake in...
Singtel divests Australian tower network to AustralianSuper for $1.4 billion
Singapore Telecommunications has divested a 70% stake in its Australian tower network to superannuation fund AustralianSuper for A$1.9 billion ($1.37 billion) and said it will use the proceeds to fund a 5G rollout and...
Liberty Global to sell Poland operations to Iliad’s subsidiary
Liberty Global said it has a reached a deal to sell 100% of its operations in Poland to French telecoms firm Iliad’s Polish mobile subsidiary Play for a total enterprise value of $1.8 billion. The deal is expected to...
Centre may pick up token stake in Vodafone Idea to allay investor concerns
The government is open to picking up a token stake in Vodafone Idea by converting a part of the dues the company owes as part of the Centre’s efforts to instil confidence in investors about the future of the loss-making...
