The telecom department has received legal opinion on the issue of raising demand for dues pertaining to Vodafone, ahead of the proposed mega-merger of Vodafone and Idea CellularNSE -1.63 % in the Indian market...
DoT seeks legal opinion on Voda-Idea merger over former’s spectrum holding
The Department of Telecommunications (DoT) is seeking legal opinion on the Vodafone-Idea Cellular merger with respect to Vodafone’s administratively allocated spectrum holdings, according to industry sources. As...
KKR close to signing deal for Altice’s telecom towers: sources
Private equity firm KKR (KKR.N) is close to buying a stake in the telecom towers business of Altice (ATCA.AS), three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape...
DoT may give conditional nod to Vodafone, Idea merger today
The Department of Telecommunications (DoT) is set to give conditional approval to the merger of Vodafone India and Idea Cellular in the next couple of days, which will close the largest M&A deal in the sector and...
DoT may approve merger of Vodafone, Idea Cellular in the next few days
The department of telecommunications (DoT) is likely to approve the merger of Vodafone and Idea Cellular in the next few days, making the combined entity the country’s largest mobile services operator. Sources said all...
Airtel’s Kenyan unit abandons plan to merge with Telkom, take on Safaricom
The Kenyan unit of Bharti Airtel has abandoned plans to merge with Telkom Kenya to take on the market leading operator, Safaricom, people in the industry and government said on Monday. People aware of the matter said in...
SC relief in Airtel-Telenor case may not apply to Idea, Vodafone merger
Idea Cellular and Vodafone India, which are merging, may not be able to cite the ruling in the Airtel-Telenor case as a legal precedent to seek exemption when the Department of Telecommunications demands bank guarantees...
Huawei smartphone business undergoes restructuring in India amid intense competition
China’s Huawei has rejigged the top management of its India Consumer Business Group, or smartphone business, by replacing Peter Zhai with Peng Chao, who has taken over as the new chief executive, people familiar with...
Nokia sells its digital health venture
Nokia said on Thursday it had sold its small digital health business, including activity trackers and smartwatches, and the executive who wound down the company’s consumer ventures will leave Nokia after less than...
Idea completes sale of standalone towers to ATC for Rs 4000 crore
Idea Cellular on Thursday, said that it has completed the sale of its standalone 9,900 towers to ATCTelecom Infrastructure Private Limited (ATC) for Rs 4000 crore. The sale was done via the Kumar Mangalam Birla -owned...
RCom, Ericsson agree on settlement; green signal for Reliance Jio deal
The National Company Law Appellate Tribunal (NCLAT) stayed the May 15 order of the National Company Law Tribunal (NCLT) in Mumbai, which had admitted Reliance Communications (RCom) and two of its subsidiaries for...
Brookfield to buy RCom’s New Delhi and Chennai property
Global asset management company Brookfield will buy Reliance Communications’ (RcomNSE 8.86 %’s) real estate assets in New Delhi and Chennai for some Rs800 crore. The Anil Ambani owned telecom operator in a...
