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...
Jana Partners calls for strategic review, possible sale at Frontier Communications -letter
Activist investment firm Jana Partners is urging Frontier Communications to begin a strategic review, including a possible sale of the telecommunications company, arguing that its shares will continue to lag unless...
Axiata Group exits Nepal operations with Ncell Axiata stake sale
Malaysian telecommunications and digital conglomerate Axiata Group said it is exiting the Nepal market with the sale of Reynolds Holding, which holds an 80% stake in Ncell Axiata, to Spectrlite UK. Axiata will sell...
CCI approves Atlas’ stake hike in Vodafone Group
The Competition Commission of India (CCI) said it has cleared a proposal by Atlas 2022 Holdings to raise its shareholding in Vodafone Group Plc to less than 25% from 14.6% through a series of on-market and off-market...
France’s Orange withdraws from process to buy stake in Ethio Telecom
French telecoms firm Orange told Reuters that it had decided to withdraw from the process to purchase an up to 45% stake in Ethiopian operator Ethio Telecom. Orange submitted an expression of interest in 2021 to...
Telenor sells Satellite unit for $217 mln
Norwegian telecoms operator Telenor said it has agreed to sell its subsidiary Telenor Satellite to government-owned Space Norway for 2.36 billion Norwegian crowns ($217.37 million). “The acquisition ensures that...
I Squared Capital set to buy majority in ATC India towers biz
Miami-based infrastructure investment group, I Squared Capital, is set to acquire a significant majority stake in the India unit of Boston-based American Tower Corp (ATC), people aware of the matter said. I Squared...
