The Supreme Court allowed Reliance Communications to sell its spectrum to Reliance JioInfocomm, rejecting the telecom department’s objections and providing huge relief to the telco, which will now be able to complete...
Asset sale to Jio at risk from govt’s Rs 29-bn demand, RCom tells SC
Billionaire Anil Ambani’s Reliance Communications (RCom) told Supreme Court on Monday that its asset sale to Reliance Jio Infocomm may not go through if approvals aren’t in place by mid-December, putting at risk planned...
Voda-Idea demerges fibre into separate unit
Vodafone Idea has demerged its fibre infrastructure business by transferring such assets to a wholly-owned unit, Vodafone Towers Ltd (VTL). The move sets the stage for an early sale of Vodafone Idea’s fibre assets as...
Tata Communication shelves plan to buy Tata Teleservices’ enterprise business
The Tata Group is believed to have dropped plans for group company Tata CommunicationsNSE 1.58 %, one of the largest telecommunications solutions providers in the world, to buy out sister concern Tata Teleservices’...
Telco mergers still a long-distance call in Europe
Telecoms companies and investors hoping that unconditional EU approval of Deutsche Telekom’s (DTEGn.DE) Dutch deal could signal a softer regulatory stance towards mergers in the sector would do well to be cautious...
Vodafone Idea transfers fibre network assets to subsidiary
Vodafone Idea (VIL) has transferred its fibre network assets to a wholly-owned unit in the run-up to their early sale aimed at bringing in additional cash that it desperately needs to take on competition from Bharti...
Deutsche Telekom to win EU nod for Dutch Tele2 deal, shares jump
Deutsche Telekom will win unconditional EU antitrust approval to buy Tele2’s Dutch business, sources familiar with the matter said on Monday, sending telecoms shares higher on hopes of more flexible regulation on...
Voda Idea to expedite merger synergies
Vodafone Idea on Thursday said that it will expedite the merger synergies by advancing the target by two years to FY21, enhance 4G network expansion and deleveraging. The merged entity had earlier set FY23 deadline for...
COAI says debt restructuring, cut in levies must to alleviate telecom stress
Industry body COAI on Thursday sought urgent relief measures for the troubled telecom sector, entailing debt restructuring, cut in levies like licence fee and spectrum charges, and release of GST input tax credit locked...
Airtel Africa completes pre-IPO placement to 6 investors, rakes in $1.25 bn
Bharti Airtel’s Africa arm has raised $1.25 billion (₹9,200 crore) by completing a placement of shares with six global investors in the run-up to its initial public offering (IPO), which is likely to take place in May...
Japan’ Rakuten, KDDI to tie up, challenging NTT Docomo, SoftBank
Rakuten Inc on Thursday unveiled a tie-up with telecom company KDDI Corp as the Japanese e-commerce firm aims to enter the mobile phone services business, challenging bigger rivals NTT Docomo and SoftBank Group Corp...
Tanzanian government disapproves of Airtel Africa IPO
Bharti Airtel Ltd’s plan to monetize its Africa business has hit a speed bump, with the Tanzanian government disapproving a proposed Airtel Africa IPO, while also staking claim to the company’s unit in Tanzania. The...
