The Spanish government has acquired a 3% stake in telecoms group Telefonica (TEF.MC) through the state holding company SEPI, SEPI said on Monday after it reported the acquisition to the stock market regulator. The...
TCIL to sell 15% stake in Bharti Hexacom
Telecommunications Consultants India Limited (TCIL) plans to sell its stake in Bharti Hexacom in two tranches of 15% each, to meet a target set out by the Centre. “We are going ahead as per the strategy, to meet...
TIM investor Merlyn wants sale of Brazilian unit, retail
Telecom Italia shareholder Merlyn Partners said on Wednesday the debt-laden company should sell its Brazilian unit this year as part of a radical restructuring. The Luxembourg-based alternative investment fund, which...
Vodafone sells Italian unit to Swisscom in 8 billion euros deal for fixing UK group operations
Telecoms giant Vodafone announced on Friday, March 15, that it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion) in cash, completing efforts to overhaul the UK group’s European...
SingTel looking to sell significant Optus stake to Brookfield, source says
Singapore Telecommunications (SingTel) is looking to sell a significant stake in its wholly owned Australian unit Optus to Canadian private equity giant Brookfield, a source with direct knowledge of the matter said on...
Canada Pension Plan picks up stake in TIM’s network for 2 billion euros
Canada Pension Plan Investments (CPP) will acquire a 17.5% stake in the fixed-line network of Telecom Italia (TIM) for up to 2 billion euros ($2.19 billion), the group said on Friday. The investment values the business...
SingTel sells 0.8% stake in India’s Bharti Airtel for $711 mln
Singapore Telecommunications on Thursday said it has sold a 0.8% stake in India’s Bharti Airtel for S$950 million (nearly $711 million) to U.S. investment firm GQG Partners. The deal is the latest of Southeast...
France’s Iliad to take $1.3 bln stake in Sweden’s Tele2
French investor Xavier Niel and his Iliad Telecoms group have agreed to buy a 19.8% stake in Swedish telecoms operator Tele2 for 13 billion crowns ($1.26 billion), investment company Kinnevik said in a statement on...
Telkom Indonesia looking to sell stake in data centre business, to conclude deal by H2
Indonesia’s state-owned communication giant Telkom Indonesia is considering selling a stake in its data centre business and is expected to finish the selling process in the second half of this year. The group is...
Italy, KKR agree terms of bid for TIM’s unit Sparkle, sources say
Italy’s Treasury and KKR have agreed the terms of the bid to be presented by KKR for Telecom Italia’s (TIM) submarine cable unit Sparkle, three sources familiar with the matter said on Tuesday. The offer is...
UK antitrust regulator begins investigation of Vodafone-Hutchison merger
Britain’s antitrust watchdog has launched an investigation into the $19 billion merger between Vodafone’s UK operation and CK Hutchison’s Three UK, reviewing whether the deal will hurt competition, it...
Brookfield to buy ATC Indian business for $2 billion, signing today
Canada’s Brookfield has trumped Miami-based infrastructure investment group, I Squared Capital, to acquire 100% of India unit of Boston-based American Tower Corp (ATC) in a $2.5 billion all-cash deal. The signing...
