Ericsson India Pvt. Ltd moved the Supreme Courton Tuesday seeking initiation of contempt proceedings against Reliance Communications Ltd and its chairman Anil Ambani for “wilful disobedience” of its earlier orders...
RCom’s IBC move hits group cos
Anil Ambani group stocks plunged on Monday after Reliance Communications (RCom) said Friday that it would file for bankruptcy as it’s been unable to sell assets to repay debt over the past year and a half. RCom fell as...
NCLAT asks Ericsson to file objection over RCom’s plea for insolvency
The National Company Law Appellate Tribunal (NCLAT) on Monday allowed telecom gear maker Ericsson India to file its objection by February 8 over Reliance CommunicationsNSE -19.21 %’s plea to proceed with...
Opinion | Telecom consolidation can end party for users
The consolidation in India’s telecom industry that witnessed the merger of Vodafone India and Idea Cellular shows no sign of abating. Reliance Communications, the original disruptor dating back to 2002, has finally...
Ericsson to move SC to seek seizure of Anil Ambani’s assets
Ericsson is set to file an application in the Supreme Court, pleading that all personal assets of Reliance CommunicationsNSE -38.79 % chairman Anil Ambani be seized for breaching the top court’s order to repay the...
Altice gears up for Portugal cable network sale: sources
Debt-burdened telecom carrier Altice Europe is gearing up to sell a stake in its high-speed fiber network business in Portugal, sources familiar with the matter told Reuters, with an auction process expected to kick off...
Anil Ambani-driven RCom to file for bankruptcy protection in NCLT
Reliance Communications will shortly move the insolvency tribunal seeking bankruptcy protection as the Anil Ambani-owned company seeks to sell assets, repay lenders and pare its <Rupee>42,000-crore debt within 270...
Bharat Airtel looks to IPO, buyouts to consolidate position in Africa
Bharti Airtel is looking to consolidate its position as the market leader or emerge as a strong number 2 in 14 African nations, where the company has a presence, via inorganic growth by going for buyouts and mergers...
America Movil buying Telefonica operations in Central America
Mexico’s America Movil said on Thursday it is acquiring Telefonica’s operations in Guatemala for $333 million and in El Salvador for $315 million. America Movil, which is controlled by the family of Mexican billionaire...
Airtel eyes large stake sale in Indus Towers-Bharti Infratel
Bharti Airtel chairman Sunil Mittal said the telco will look to sell a sizeable stake in the Indus Towers-Bharti Infratel combined entity. The merger is expected in March-April. On fund-raising plans, Mittal told a...
NCLT Delhi bench clears Airtel-Tata deal
The Delhi bench of the National Company Law Tribunal (NCLT) has approved Bharti Airtel’s acquisition of Tata Teleservices’ consumer mobility business, a deal that will enable the Sunil Mittal-led telco to close the...
Orange considers potential bid for Euskaltel: source
French telecoms group Orange (ORAN.PA) is considering a bid for Spanish competitor Euskaltel (EKTL.MC), a move which would consolidate its market position as number two in Spain, according to a source with knowledge of...
