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...
NCLT admits Aditya Birla Finance’s insolvency plea against Siti Broadband Services
The National Company Law Tribunal (NCLT) has admitted Siti Broadband Services, a subsidiary of Essel Group-owned cable TV and broadband company Siti Networks, into the corporate insolvency resolution process following a...
NCLT admits Aditya Birla Finance’s insolvency plea against Siti Broadband Services
The National Company Law Tribunal (NCLT) has admitted Siti Broadband Services, a subsidiary of Essel Group-owned cable TV and broadband company Siti Networks, into the corporate insolvency resolution process following a...
UK’s Virgin Media O2 sells $437 mln mobile-towers stake to GLIL
Britain’s Virgin Media O2 said it had sold a 16.67% stake in its mobile towers joint venture Cornerstone to GLIL Infrastructure, a partnership of UK pension funds, for about 360 million pounds ($437 million) in...
STC reportedly drops plan to up stake in Spain’s Telefonica to 9.9%
Saudi telecoms group STC is seeking to keep its current 4.9% stake in Spain’s Telefonica and no longer plans to convert the 5% it holds in derivatives into voting shares, El Economista newspaper reported on...
Vodafone nears stake sale in $5.3 bn Spanish unit to Zegona: Report
Vodafone Group Plc is close to selling a stake of at least 50% in its Spanish business to Zegona Communications Plc in a deal that values the asset at more than €5 billion ($5.3 billion), according to people familiar...
Britain’s Virgin Media O2 nears stake sale in towers business to GLIL
Virgin Media O2 is in exclusive talks to sell a slice of its shareholding in Britain’s largest mobile tower network to GLIL Infrastructure, according to four sources familiar with the matter, in a deal that could...
