The Prime Minister’s Office has sought details from the telecom department of the process being followed in the proposed Idea Cellular-Vodafone India merger amid delays in deal closure, people aware of the development...
Unrest brews at Aircel; may be headed for liquidation
Unrest is brewing at bankrupt Aircel, where there’s been no sign of progress on selling assets as the insolvency resolution process passes the midway stage, prompting fears the company may be headed for liquidation. At...
Vodafone-Idea merger: No delay from government’s side, says Manoj Sinha
Telecom Minister Manoj Sinha Tuesday said that there is no delay from the part of the Department of Telecommunications (DoT) in the ongoing merger between the Vodafone India and Idea Cellular and that only requires...
CCI approves Bharti Infratel-Indus Towers merger
Bharti Infratel has received the clearance from the Competition Commission of India(CCI) for its merger with Indus Towers, which will create a $14.6 billion company that will be among the largest mobile tower entities...
DoT seeks sale details of Tata Tele’s consumer mobile business to Airtel
The Department of Telecommunications (DoT) has asked Tata TeleservicesNSE 1.14 % (TTSL) to clearly lay down the contours of the sale of its consumer mobile business to Bharti AirtelNSE 0.01 % so that it can identify...
RIL to buy Radisys to accelerate Reliance Jio’s 5G, IoT push
Reliance Industries Ltd (RIL) has signed an agreement to acquire US-based open telecom solutions provider Radisys Corp. at a valuation of $74 million, according to a statement by the energy-to-telecom firm. The cash...
Argentine regulator approves Telecom Argentina, Cablevision merger
Argentina’s anti-trust regulator on Friday approved a merger between Telecom Argentina (TEC2.BA) and cable TV provider Cablevisión (CVH.BA), allowing the creation of the largest telecommunications group in the country...
Merger delay may cost Idea & Vodafone customers, revenue
An unforeseen delay in closure of Vodafone India-Idea Cellular merger could disrupt operations of the two companies in transition, leading to customer and revenue losses and even potential HR complications, industry...
Sprint, T-Mobile defend proposed tie-up before U.S. Senate panel
T-Mobile’s planned $26 billion acquisition of rival mobile phone carrier Sprint Corp would add jobs and would not hike prices, top executives of the two companies testified before a U.S. Senate panel on Wednesday. The...
Idea-Voda merger likely to get delayed over DoT’s fresh demand of Rs 47 bn
The mega-merger deal of Idea Cellular and Vodafone India may not meet the expected June 30 timeline as the telecom department is looking to raise a fresh demand of around Rs 4,700 crore, a source said. The demand will...
Altice selling stakes in French, Portuguese telecom towers to cut debt
Dutch-based telecoms and cable group Altice plans to raise 2.5 billion euros ($2.9 billion) from selling stakes in its telecoms towers businesses in France and Portugal to reduce its debt, the company said on Wednesday...
Sistema sells its 10 per cent stake to exit Reliance Communications
Russia’s Sistema JSFC has fully sold its 10% stake in Reliance CommunicationsNSE -0.98 %in multiple tranches over the past few months, becoming the latest foreign operator to exit the troubled Indian telecom market...
