Boston-based American Tower Corp (ATC) is set to cede majority control in its wholly owned India unit to US private equity firm I Squared Capital after months of negotiations, said people aware of the matter. The two...
Reliance Industries announces completion of Radisys-Mimosa acquisition
Reliance Industries-owned Jio Platform has completed the acquisition of US-based communications equipment maker Mimosa Networks for $60 million through its wholly owned subsidiary Radisys Corporation, informed the...
Belgium telecom provider Proximus to buy majority stake in India’s Route Mobile
Belgian telecom service provider Proximus Group on Monday said it will buy a 57.56% stake in Route Mobile for 59.22 billion rupees ($720.53 million). Proximus will pay 1,626.40 rupees per share of the Indian cloud...
Bharti Airtel buys 20.6% stake in Lavelle Networks, total stake will reach 45.6%
India’s leading telecom firm, Bharti Airtel has acquired additional 20.6% stake in the SD-WAN startup, Lavelle Networks. With this, Bharti Airtel’s total ownership will increase to 45.6% in the SD-WAN...
Tata Communications to buy US’ Kaleyra for $100 million, take over debt
Tata Communications said on Wednesday that it has signed a definitive agreement to acquire communication platform service provider Kaleyra, Inc. for $100 million. The Indian company will also acquire NYSE-listed...
I Squared leads race to acquire ATC’s India unit
US private equity firm I Squared Capital has emerged the frontrunner to buy a controlling stake in American Tower Corp’s wholly owned Indian unit after the latter’s negotiations with Brookfield remained inconclusive...
Vodafone, Three to merge UK telecom operations to capitalize on 5G rollout
Two of the UK’s biggest mobile phone operators agreed to merge their businesses to capitalise on the rollout of next-generation 5G wireless technology in the country. The tie-up of Vodafone UK and Three, which is...
KKR, CDP rival consortium submit new bids for Telecom Italia grid
Telecom Italia (TIM) said on Friday it received two new offers for its landline grid as Italy’s biggest telecoms group seeks to resolve the impasse over the sale of its main asset. U.S. fund KKR and a rival...
Vodafone, Hutchison to announce UK merger as soon as Friday: Report
Vodafone and CK Hutchison are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters. Shares in Vodafone...
Egypt sells $121.6 mln stake in state-controlled Telecom Egypt
Egypt’s government sold a 9.5% stake in state-controlled Telecom Egypt for 3.75 billion Egyptian pounds ($121.6 million), the finance ministry said in a statement on Sunday, breathing life into a privatisation...
Brookfield weighing stake sale in Indian tower business, says report
Brookfield Infrastructure Partners is considering the sale of a minority stake in its telecommunications tower business in India, according to people familiar with the matter. The Canadian investment firm is working...
Ascend Telecom, GIP EM Ascend 2 get CCI nod to acquire Tower Vision India
The Competition Commission of India (CCI) has given the green light to the proposed acquisition of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd. The...
