Swiss-based investment firm Partners Group has reached a deal to buy a 75% stake in Italy’s broadband and wireless communications group EOLO, the Italian company said on Saturday. Under the terms of the accord...
Telecom
Telstra in talks to buy Digicel Pacific in Australian govt-backed bid
Telstra Corp Ltd said on Monday it was in talks to buy the Pacific operations of telecommunications firm Digicel Group in partnership with the Australian government, a move widely viewed as a political block to...
NCLT to hear RCom case on July 15
The National Company Law Tribunal (NCLT) will hear on July 15 Reliance Communications’ resolution professional Deloitte’s plea fearing that the telecom department will cancel the bankrupt telco’s...
Rebid plan for RCom assets likely to face legal hurdles
A proposal by lenders to Reliance Communications Ltd (RCom) to seek fresh bids despite selecting UV Asset Reconstruction Co. Ltd’s (UVARCL) resolution plan could lead to prolonged litigation, said three legal experts. A...
Vodafone Idea seeks to raise up to $3 billion from Apollo Global
Vodafone Idea(Vi) has started talks with US PE group Apollo Global Management to secure up to $3 billion (Rs 22,400 crore) in funding over the next three months through a mix of debt and equity to meet major upcoming...
Termination of telecom licence will kill RCom resolution, Deloitte tells NCLT
Deloitte, the resolution professional for Reliance Communications (RCom), on Thursday told the bankruptcy court in Mumbai that the troubled telco’s insolvency process will go kaput if the telecom department terminates...
PEs eye investment in Vi assets
TPG Capital, Apollo Global and Carlyle Group are among private equity giants in early talks with Vodafone Idea Ltd to invest in the company’s optic fibre and data centre assets worth around $1 billion, said two people...
Telenor sells Myanmar operations to M1 Group for $105 mln
Norwegian telecoms operator Telenor has sold its Myanmar operations to Lebanese investment firm M1 Group for $105 million, Telenor said on Thursday, announcing its retreat from a country that slid into chaos after a...
Macquarie to buy AMP Capital’s global equities and fixed income business
AMP Ltd will sell its global equities and fixed income (GEFI) business to Macquarie Group’s asset management arm, the two companies said on Thursday, as the embattled wealth manager shrinks itself ahead of a spin-off...
Spain’s Telefonica plans to sell minority stake in tech unit, Cinco Dias says
Spanish telecoms operator Telefonica plans to raise as much as 500 million euros ($591.35 million) with the sale of a minority stake in its technology unit, Cinco Dias newspaper reported on Wednesday, citing financial...
Cash-strapped Vodafone Idea looks to monetise assets to raise $1 billion
Vodafone Idea (Vi) is hoping to raise up to $1 billion (around Rs 7,400 crore) from sale of its fixed-line broadband subsidiary, optic fibre unit and data centres business, as it seeks to ease its cash crunch and...
Orange Ventures makes financial investment in French media company Brut
The venture capital arm of France’s biggest telecoms group Orange has made a financial investment in online media and news firm Brut, with whom French President Emmanuel Macron staged a high-profile interview last...
