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...
India’s Vodafone Idea says not in tie-up talks with Musk’s Starlink
India’s Vodafone Idea is not in talks to tie up with billionaire Elon Musk’s satellite internet company Starlink, the telecom operator said on Tuesday, dashing hopes of a revival in the debt-ridden company...
Bharti Airtel Services to acquire 97.1% stake in Beetel Teletech
Bharti Airtel Services, a wholly-owned subsidiary of Bharti Airtel, has entered into an agreement for the acquisition of 49.45 lakh shares or 97.1 per cent stake in Beetel Teletech, another Bharti Group company...
Spain to buy up to 10% in Telefonica following Saudi entrance
The Spanish government will acquire a stake of up to 10% in Telefonica through the state holding company SEPI in a counterbalance to the acquisition of a large stake in the telecoms giant by Saudi Arabia’s STC...
Telenor to sell Pakistan telecoms unit for $490 mln
Norway’s Telenor said it had agreed to sell its Pakistan unit to state group Pakistan Telecommunications in a transaction valuing the unit at 5.3 billion Norwegian crowns ($490 million). The Norwegian group has...
NCLT allows Reliance Communications to substitute its resolution applicant
The National Company Law Tribunal (NCLT) Mumbai has allowed Reliance Communications (Rcom) to substitute its resolution applicant under the resolution plan submitted by the bankrupt telco. Rcom had changed its...
Airtel promoter co BTL increases stake in telco to 39.59% via Rs 8,301.73 cr block deal
Bharti Telecom Ltd (BTL), the key promoter company of Bharti Airtel, has boosted its holding in the Sunil Mittal-led telco to 39.59% by acquiring an additional 1.35% stake from another promoter group entity, Indian...
