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...
Orange/MasMovil pick Digi as asset buyer to allay EU concerns – sources
French telecoms group Orange and Spanish peer MasMovil have picked Romania’s Digi to buy assets they plan to divest to address EU antitrust concerns over their Spanish tie-up, two people with knowledge of the...
SingTel to sell stake in Trustwave for $205 million
Singapore Telecommunications said it entered into an agreement with MC2 Titanium, LLC to sell its stake in cyber security business Trustwave for $205 million. Southeast Asia’s largest telecom firm began...
TDC weighs strategic options amid consolidation, sources say
Denmark’s largest telecoms company TDC Holding A/S has hired LionTree to help it explore strategic options for the business as consolidation in the Danish telecom market accelerates, two people familiar with the...
UK’s Zegona in talks to buy Vodafone’s Spain business
British telecom investment company Zegona said it was in talks with Vodafone about a potential acquisition of the British telecom giant’s Spanish business, confirming a media report. “(Zegona) confirms that...
KKR to acquire stake in SingTel’s regional data centre unit for $807 million
Singapore Telecommunications (SingTel) said global investment firm KKR will acquire a 20% stake in SingTel’s regional data centre business for S$1.1 billion ($806.87 million). The deal puts the enterprise value of...
Italy approves decrees to take up to 20% stake in Telecom Italia grid
Italy approved on Monday two decrees providing for the economy ministry to take a stake of up to 20% in Telecom Italia’s (TIM) landline grid. The scheme implements a Memorandum of Understanding (MoU) signed on Aug...
