The bankruptcy court has given the resolution professional overlooking asset monetisation of debt-laden Aircel more time – till January 15 -to complete the corporate insolvency resolution process (CIRP), failing...
Tata Tele to pay ATC Rs 2,370 crore as settlement for winding up rentals
Tata TeleservicesNSE 2.50 % (TTSL), the mobility division of Tata Sons, will pay American Tower Corporation (ATC) $320 million (Rs 2,400 crore) as a one-time cash settlement for prematurely winding up some 30,000-odd...
Consolidation has come at a high price in India with $50 bn wiped off: Sunil Mittal
Bharti Airtel Chairman Sunil Mittal said the telecom industry is consolidating down to 2-to-3 operators the world over but the process hasn’t happened in an orderly way in India, and has come at a heavy price with a...
Recovery in Bharti Airtel’s India ops remain crucial, stake sale in Africa arm will reduce debt:S&P
S&P Global Ratings said Thursday Bharti AirtelNSE 3.15 %’s sale of a minority stake in its Africa subsidiary will ease some pressure on the rating of the India-based telecom company. Six global investors...
Warburg, Temasek, Singtel, SoftBank to pump $1.25 billion into Airtel Africa before IPO
Six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, has agreed to invest $1.25 billion through a primary equity issuance in Airtel Africa Ltd, the telecom company said in a...
Reliance in talks to buy multi-system-operator GTPL Hathway
Reliance Industries (RIL) has begun talks to acquire a controlling stake in GTPL Hathway, a leading multi-system-operator (MSO) that dominates the Gujarat market, said people with knowledge of the matter. This follows...
Reliance to buy majority stakes in Den Networks, Hathway Cable for Rs 5,230 cr to push FTTH service
Reliance Industries Wednesday said it will buy majority stakes in DenNetworks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore. It will acquire 66% stake in Den Networks through an investment of Rs. 2,045 crore...
Altice Europe gets about ten bids for French fibre stake: sources
Debt-laden telecoms and cable group Altice Europe (ATCA.AS) has received about ten bids to buy part of its French fibre broadband business, two sources close to the matter said on Wednesday. Financial investors...
Reliance Industries in talks to buy Hathway, bring broadband home to you
Reliance Industries has initiated talks to acquire India’s largest cable operator, Hathway Cable & Datacom, in a bid to speed up the commercial launch of its GigaFiber high-speed home broadband services. Three...
Merged companies can trade excess spectrum
The department of telecommunications (DoT) has amended the merger and acquisition (M&A) guidelines, 2014, allowing telcos to sell excess spectrum post-merger. In a fresh notification, DoT has said, “If, as a result...
No plan to sell tower business to Jio: BSNL
Bharat Sanchar Nigam Limited (BSNL) Wednesday described as “completely false” a recent report talking about the possibility of a sale of the state-run telco’s mobile tower business to Reliance...
Paytm’s parent company moves NCLT against Reliance Telecom to recover dues
One 97Communications, the parent company of digital payments provider Paytm, has moved insolvency court against Reliance Telecom, a subsidiary of Anil Ambani-owned Reliance Communications (RComNSE 2.61 %), citing non...
