Airtel Africa has inked a deal to sell roughly a 7.5% stake in its mobile money unit to Qatar Holding LLC, an affiliate of Qatar Investment Authority (QIA), for around $200 million. This is the latest in a spate of...
Telecom
Tata Teleservices, Zoom partner for unified communication solutions
Telecom operator Tata Teleservices and web-based video conferencing company Zoom on Thursday announced a partnership for unified communications solution for enterprises and individuals. The partnership will take the...
Tata Sons subsidiary to buy 43.3% stake in Tejas Networks for Rs 1,850 cr
After acquiring online grocery retailer BigBasket in May and online pharma products seller 1mg Technologies in June, Tata Group continues its acquisition spree, with Tata Sons announcing on Thursday its subsidiary...
Telefonica looking at further acquisitions in Brazil amid buying flurry
Telefonica SA is considering further acquisitions in Brazil following the launch of its FiBrasil fibre network joint venture this month, the Spanish telecoms group’s chief operating officer said on Thursday. Telefonica...
Cellnex says it has no doubt UK watchdog will approve CK Hutchison deal
Spanish phone tower operator Cellnex has no doubt that Britain’s competition watchdog will end up approving its deal with Hong Kong’s CK Hutchison, its Chief Financial Officer Jose Manuel Aisa told Reuters. The...
Tata Sons to acquire majority stake in Tejas Networks, triggers open offer
Tata Sons plans to acquire 63.1% stake Tejas Networks, Bengaluru-based telecom product major, that will help it gain access to crucial technology for 5G and 4G telecom gear. The Tata group signed a binding agreement to...
EU regulators okay Orange’s Romanian telecoms acquisition
EU antitrust regulators on Wednesday gave conditional approval to French telecoms provider Orange to buy 54% of Telekom Romania Communications from Deutsche Telekom’s Greek unit. France’s biggest telecoms group...
Merger with BSNL may help save Vodafone Idea, says Deutsche Bank
The government must back state control of Vodafone Idea (Vi) by quickly merging it with Bharat Sanchar Nigam (BSNL) and recapitalise the ailing telco to save it from going bankrupt, especially after the Supreme Court...
Telecom Italia-DAZN deal averts watchdog precautionary measures
Italy’s competition watchdog on Wednesday accepted amendments to a deal between Telecom Italia (TIM) and sports streaming service DAZN that would avert precautionary measures being imposed on their technical and...
Telecom firm Lumen to sell Latin America business for $2.7 billion
Telecom company Lumen Technologies said on Monday it would sell its Latin American business to private equity firm Stonepeak for $2.7 billion. The business will operate as an independent, U.S.-headquartered portfolio...
Brazil competition regulator signals ‘complex’ path for Oi sale approval
The superintendence of Brazil’s competition regulator Cade said on Friday it viewed an asset sale by Brazilian telecom Oi SA as “complex,” suggesting that TIM, Telefônica Brasil and América Móvil’s Claro may struggle to...
Brookfield buys Space Teleinfra for over Rs 900 crore in cash-cum-units deal
Brookfield-sponsored Tower Infrastructure Trust (Tower InvIT) has acquired shared telecoms infrastructure solutions provider, Space Teleinfra Pvt Ltd (STIPL), for Rs 900 crore and other milestone-based considerations in...
