Telkom Kenya plans to merge operations with Indian-owned Bharti Airtel’s local unit as a first step to acquiring all of Airtel’s assets, sources said on Tuesday, creating a stronger challenger to market...
HSBC Daisy, others move Supreme Court against NCLAT order allowing Reliance Infratel’s assets sale
HSBC Daisy Investments and other minority shareholders have moved Supreme Court against National Company Law Appellate Tribunal (NCLAT)’s order that allowed State Bank of India-led bankers to sell mortaged assets...
SC vacates HC stay, RCom’s secured lenders can go ahead with asset sale
Debt-laden telecoms firm Reliance Communications Ltd (RCom) said on Thursday that Supreme Court has lifted a ban on sale of its assets, and has ordered secured lenders to proceed with the sale. RCom also said it will...
ATC completes mobile tower deal with Vodafone India
American Tower Corp (ATC) has paid around Rs 3,850 crores to buy 10,200 towers from Vodafone India, completing the first tranche of a deal where the US company will also pick up Idea Cellular’s towers for Rs4,000 crore...
Tata Teleservices says it has not made any offer to sell its stake in ATC
Tata TeleservicesBSE 0.53 % said it has not made any offer to sell its stake in American Tower Company (ATC) and any report on a deal being struck is “premature”. The regulatory filing by the telecom...
Idea, Vodafone merger in final stages of approval
The Department of Telecommunications (DoT) is in the final stages of approving the merger between IdeaBSE -2.23 % Cellular and Vodafone India, a development which will create India’s largest mobile phone operator and...
Sistema bids highest for remaining assets of RCom, offers $1.5 bn
Russia’s Sistema has emerged as the highest bidder for the remaining assets of Anil Ambani-owned Reliance Communications at a total value of $1.5 billion, said three people familiar with the developments. The assets...
China’s Transsion in talks to tie up for JioPhone
Chinese mobile phone maker Transsion Holdings is planning to launch a 4G feature phone in India and is exploring a supply tie-up or a co-branded device with Mukesh Ambani-led Reliance IndustriesBSE 1.31 % for its...
SBI-led lenders move SC for sale of RCom’s assets
A group of lenders to Reliance Communications has moved the Supreme Court against a Bombay High Court order, which dismissed the telecom company’s appeal against an arbitration tribunal ruling that barred sale or...
Majority of French back selling state assets in Renault, Orange, PSA: poll
A majority of French voters back selling all or some of the state’s assets in automakers Renault and Peugeot, airliner Air France and telecoms group Orange, an opinion poll showed on Monday. France announced last year...
Ericsson moves Delhi High Court to recover Aircel dues
Swedish telecom equipment maker Ericsson has moved Delhi High Court against Aircel and its units for recovery of arrears worth Rs 251.40 crore, becoming the third company to demand payment for services from the bankrupt...
Reliance Communications moves Supreme Court for asset sale relief
Reliance Communications has approached the Supreme Court seeking to remove a legal hurdle which threatens to stall its efforts to complete the sale of wireless assets to Reliance Jio Infocomm and repay part of its Rs...
