ThyssenKrupp’s interim chief executive dismissed speculation that it would pull out of its steel joint venture with India’s Tata SteelNSE 2.83 % in the wake of management upheaval at the German industrial...
Telecom Italia Considers Bidding for Nextel in Brazil
Telecom Italia SpA’s Brazil unit is considering making a bid for the country’s fifth-largest mobile phone carrier, Nextel Telecomunicacoes Ltda., to boost its market share and gain spectrum in some metropolitan areas...
Airtel, Jio, Sterlite Tech among bidders for Aircel assets
Bharti Airtel Ltd, Reliance Jio Infocomm Ltd, Sterlite Technologies Ltd and two investment firms have bid to separately purchase assets of Aircel Ltd, but lenders to the bankrupt telecom operator may still have to take...
Malaysia’s Axiata scraps $940 million Pakistan deal after regulatory issues
A unit of Malaysian telecoms firm Axiata Group has called off a $940 million deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago...
Vodafone Idea Board approves merger of Aditya Birla Telecom
The board of Vodafone Idea Ltd. (VIL) has approved the merger of its unit Aditya Birla Telecom Ltd. (ABTL) with itself, moving a step closer towards monetizing the company’s 11.15% stake in Indus Towers to pare...
China weighs merger of two wireless carriers to speed up development of 5G
China is exploring a merger between two of the nation’s three wireless carriers, according to people familiar with the matter, as the nation seeks to speed up the development of 5G and gain an advantage over the US in...
Vodafone Idea raises Rs 1,500 crore via debt
Telecom major Vodafone Idea Limited Monday raised Rs 1,500 crore fund through non-convertible debentures on private placement basis — first debt after its incorporation. “The Securities Allotment...
Idea-Vodafone say merger complete, now India’s largest telco with 408 million active users
Aditya Birla Group on Friday said that Vodafone India and IdeaNSE -1.00 % Cellular have completed the merger to create the country’s largest telecom company with 408 million active subscribers and a revenue market...
NCLT gives go-ahead to Idea-Vodafone merger
The National Company Law Tribunal (NCLT) approved the merger of Idea CellularNSE 1.30 % and Vodafone India, clearing the last hurdle to the creation of India’s largest mobile phone company with the most subscribers and...
Australia’s TPG Telecom, Vodafone unite to take on rivals
Australia’s TPG Telecom Ltd (TPM.AX) agreed a merger with Vodafone Group’s (VOD.L) Australian business on Wednesday, easing competition in the cut-throat sector and buying scale to take on bigger rivals Telstra Corp Ltd...
DoT seeks ₹ 1,626 crore for clearing Airtel-Tikona merger
The department of telecommunications (DoT) has in a letter dated 17 August asked Bharti Airtel Ltd to pay in cash and through a bank guarantee a total of ₹ 1,626.89 crore to clear its merger with Bharti Digital Networks...
Bharti Airtel shareholders approve merger proposal with Tata Teleservices
Telecom major Bharti Airtel today said its shareholders have approved the proposed merger between the company and Tata Teleservices as part of ongoing proceedings at the National Company Law Tribunal (NCLT). The special...
