The National Company Law Tribunal (NCLT) expressed surprise that Aircel chose to file for bankruptcy on its own and said it admitted the telco’s plea because it believes there is potential to revive the business, given...
Bharti Airtel may sell higher stake in DTH arm for funds to fight Reliance Jio
Bharti Airtel, India’s largest mobile phone company, is believed to be looking to sell a higher stake in Bharti Telemedia, its DTH arm, to raise funds for building a war chest to fight Reliance Jio Infocomm, people...
Bharti Airtel board approves mega Rs 16,500 crore fund-raise
Bharti Airtel approved a plan to raise about Rs 16,500 crore through debt, including a fresh issue of $1 billion in overseas bonds, to help refinance loans and pay for spectrum, boosting the telco’s shares by almost 5%...
NCLT continues stay on sale of RCom towers, fibre
The National Company Law Tribunal (NCLT) continued with its stay on the sale of Reliance Infratel’s assets to a third party till further orders, making it more difficult for its parent, Reliance Communications, to sell...
GTL Infrastructure cuts outlook on Aircel bankruptcy filing
GTL Infrastructure has lowered its revenue and earnings before interest, tax, depreciation and amortisation, by 12% and 28% respectively for the year ending March 2018, hurt by the impact of Aircel filing for...
NCLT clears Bharti Airtel’s buyout of Telenor
The National Company Law Tribunal (NCLT) on Thursday approved Bharti Airtel’s proposed merger with the Indian unit of Norway’s Telenor. A senior Airtel executive confirmed the same. Bharti Airtel had entered into an...
NCLT accepts Aircel’s bankruptcy petition
National Company Law Tribunal (NCLT) accepted telecom operator Aircel’s bankruptcy petition, and issued a directive that the directors, promoter and chairman and managing director of the company should not leave...
Here’s why ATC may delay the acquisition of Idea and Vodafone tower
American Tower Corporation’s acquisition of Idea’s and Vodafone’s towers for $1.2 billion is set to get delayed. The reason: The firm has lost close to 65,000 tenancies due to the closure of multiple wireless service...
Another setback for Anil Ambani, NCLT stays sale of Reliance Infratel assets
The National Company Law Tribunal stayed till March 13 the sale of assets of Reliance Infratel, the tower unit of Reliance Communications, the second setback this week for the Anil Ambani-owned telco that is rushing to...
Airtel acquires India leg of GBI submarine cable
Telecom major Bharti Airtel on Tuesday said it has acquired India leg of Gulf Bridge International submarine cable which will boost its data carrying capacity. “Under the agreement, Airtel will acquire the ownership of...
Reliance Communications moves Bombay HC against arbitration court order barring sale of assets
Reliance Communications (Rcom) has moved the Bombay High Court against an arbitration order passed a day before that had “restrained” the telco from selling or transferring its assets without its permission...
Aircel seeks urgent hearing at NCLT to appoint an IRP
Mobile phone company Aircel has told the National Company Law Tribunal (NCLT) that it owes about Rs 50,000 crore to financial and operational lenders, and sought an urgent hearing to appoint an Interim Resolution...
