The National Company Law Appellate Tribunal (NCLAT) on Wednesday dismissed a petition filed by Devas Multimedia challenging an order of the NCLT to wind up the company. The NCLAT upheld the earlier order of the...
Telecom
Deutsche Telekom lifts T-Mobile US stake in SoftBank swap deal
Deutsche Telekom has struck a $7 billion share-swap deal with SoftBank Group (9984.T) to increase its stake in U.S. unit T-Mobile and sold its Dutch unit in a major shake-up that strengthens the German group’s...
RIL prepares a $5.7 billion bid for a telco in the Netherlands
Reliance Industries Ltd (RIL) is set to make a $5.7 billion non-binding offer to acquire a controlling stake in T-Mobile Netherlands BV, the country’s largest telecom operator, two people aware of the development said...
Google likely to invest big in Airtel after financing rival Jio
Search giant Google is in talks to make ‘substantial investments’ in Bharti Airtel. The Alphabet Inc subsidiary has already invested thousands of crores in Reliance Jio, a direct rival. Google has been in...
Israeli telecom firm Partner bids to buy rival Xfone
Israeli telecoms group Partner Communications Company Ltd said on Thursday it had offered to buy the business operations of smaller rival Marathon 018 Xfone for 187 million shekels ($58.1 million). Partner’s bid...
Why the government is against the merger of Vodafone Idea and BSNL -MTNL
The government is not in favor of merging Vodafone Idea and state-owned BSNL and MTNL, a TOI report said, quoting multiple sources. “Multiple and strong logical reasons” suggest “outright rejection” of any proposal that...
Telecoms firm Syniverse to go public via $2.85 billion blank check deal
Telecoms services firm Syniverse Technologies LLC plans to go public through a merger deal with a blank check company that would give it an enterprise value of $2.85 billion. The deal will provide Syniverse with up to...
Hanwha Systems invests Rs 2,228 cr in Bharti-backed OneWeb for 8.8% share
Hanwha Systems of South Korea is infusing USD 300 million (Rs 2,228 crore) for an 8.8 per cent share in OneWeb, the Low Earth Orbit (LEO) satellite communications company backed by Bharti group. The investment brings...
Partners Group buys broadband service provider ACT for Rs6750 cr
Swiss PE fund Partners Group has agreed to acquire about 75% stake in Atria Convergence Technologies Ltd. (ACT), India’s leading non-telco internet service provider, from its investors True North and TA Associates, said...
Telecom Italia’s FiberCop and Iliad in fibre broadband deal
Iliad has agreed to join in development of Telecom Italia’s (TIM) last-mile grid as the French telecoms group prepares to enter Italy’s fixed broadband market. Iliad, which has captured 10% of Italy’s...
Telecom firm Lumen to sell certain U.S. assets in $7.5 bln deal
Lumen Technologies said on Tuesday it would sell some of its telecom assets to Apollo Global Management Inc in a deal valued at $7.5 billion. Apollo Funds will acquire some of Lumen’s business in 20 U.S. states in...
Tata Sons’ arm Panatone Finvest acquires 8% stake in Tejas Networks
Tata Sons arm Panatone Finvest on Monday picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction. According to the block deal data...
