The telecom department may file an appeal against an appellate order in the Aircel case, objecting to certain portions which stated that spectrum can be subject to insolvency proceedings and that dues of the central...
Telecom
Bharti to invest additional ₹3,700 cr into OneWeb; to become largest shareholder
Bharti will invest an additional USD 500 million (over ₹3,700 crore) into OneWeb, to become the largest shareholder in the satellite communications company that billionaire Sunil Mittal-run Bharti Group along with the...
Australia’s Telstra to sell 49% of tower business for $2.1 billion
Australian telecom firm Telstra Corp said it will sell a 49% stake in its mobile tower business for A$2.8 billion ($2.1 billion) and return half the sale proceeds to investors, sending its shares to their highest level...
With cloud and AI, IBM broadens 5G deals with Verizon and Telefonica
IBM will offer telecom operators Verizon and Telefonica new services ranging from running 5G over a cloud platform to using artificial intelligence, the U.S. technology company said on Monday. Big technology players...
Spain approves Masmovil’s $2.4 billion takeover of Euskaltel
Masmovil’s 1.99 billion euro ($2.38 billion) takeover of Spanish telecoms rival Euskaltel has won state approval, government sources said on Wednesday. The friendly merger, which received the green light from Spain’s...
Axiata, Telenor sign $15.8 billion deal to merge Malaysian telecoms units
Malaysian telecoms firm Axiata Group Bhd and Norway’s Telenor ASA sealed an agreement to merge their mobile operations in Malaysia in a $15.8 billion deal, forming a new market leader in the competitive Southeast...
Vivendi faces investor test over plans for Universal spin-off
French media group Vivendi will seek investor support on Tuesday to spin off its prized Universal music business, a plan criticised by activist funds for benefiting top shareholder Vincent Bollore more than smaller...
OneWeb UK unit to buy up to 74% in OneWeb India: Source
UK-based Network Access Associates (NAA), a OneWeb Group company, is set to acquire up to 74% stake in OneWeb India Communications as the latter gears up to run gateways and enter the bandwidth leasing business before...
Bharti Airtel sells its Tanzanian tower business for $175 million
Bharti Airtel has sold its Tanzanian tower operations for $175 million (Rs 1,313 crore) in a bid to focus on asset-light and core subscriber-facing operations, with some of the funds being used to pare debt at the...
Aircel’s Committee of Creditors moves SC against NCLAT order
Aircel’s committee of creditors (CoC), headed by State Bank of India (SBI), has moved the Supreme Court against the National Company Law Appellate Tribunal’s (NCLAT) decision that forbade the bankrupt telco from...
Jio drags Reliance Infratel back to NCLT, seeks audit reports from lenders
Reliance Jio Infocomm (Jio) has moved the bankruptcy court against Reliance Communications(Rcom) tower unit, Reliance Infratel, seeking disclosures of the forensic audit reports of the tower company whose accounts...
Telefonica looks to sell logistics unit Zeleris amid COVID-era boom
Spanish telecoms group Telefonica is seeking buyers for its logistics and express-delivery unit Zeleris, a source familiar with the offer said on Monday, amid a months-long boom in the business as COVID-19 pushes people...
