The Bharti Infratel stock has shed 21 percent in the past three months due to consolidation, benign near-term outlook and decision by newbie Reliance Jio to focus more on owned towers rather than leasing them out from...
Vodafone may hang up on Indus in $5 billion deal
UK’s Vodafone is in the final stages of talks to sell its entire 42% stake in Indus Towers for about $5 billion, raising Bharti Infratel’s holding in the company to 84% through a share-swap deal. This key...
Singtel raises stake in Bharti Telecom, invests Rs 2,649 crore
Singapore Telecommunications Ltd.(Singtel) will increase its stake in Bharti Airtel by investing Rs 2,649 crore in parent Bharti Telecom Ltd. through a preferential allotment of shares, proceeds of which will be used...
Vodafone in talks to buy Liberty Global assets, eyes European expansion
Vodafone said on Friday it was in talks with John Malone’s Liberty Global about buying some of the cable company’s assets in the continental European countries where they both operate, chief among them being...
Airtel sees little value in acquiring Nigeria’s 9mobile, pulls out of bid
India’s largest telecoms operator, Bharti Airtel does not see much value in buying debt-laden Nigerian rival 9mobile and withdrew from submitting a firm bid before the deadline, two industry sources with knowledge...
Reliance Jio to raise up to $2.2 billion debt to fund RCom deal
Reliance Jio Infocomm Ltd will raise as much as $2.2 billion in foreign currency debt to fund the purchase of Reliance Communications Ltd (RCom)’s wireless assets, according to two people directly aware of the company’s...
Telecom sector leads M&A activity in India with six deals
Corporate India’s deal tally, including M&As as well as private equity, amounted to USD 60.5 billion driven by big ticket consolidation and the outlook for remains bullish for this year, says a report...
Airtel gets regulatory nod for Tigo Rwanda acquisition
Telecom operator Bharti Airtel Ltd on Wednesday said it has received regulatory approval to acquire Tigo Rwanda—a subsidiary of Luxembourg-based Millicom International Cellular SA. With this acquisition, Airtel Rwanda...
Merrill Lynch arm sells Airtel shares worth Rs1,931 crore
Merrill Lynch on Tuesday offloaded shares worth Rs1,931 crore in telecom operator Bharti Airtel Ltd, through an open market transaction. According to the bulk deal data available with the BSE, Merrill Lynch Markets...
Idea Cellular, Vodafone may start operating as one entity from April
Idea Cellular Ltd and Vodafone Group Plc’s Indian unit are likely to start operating as a single unit from April, two people aware of the matter said. The two companies, which are currently negotiating one of the most...
Do Idea and Vodafone’s merger terms need a rethink?
Idea Cellular Ltd and Vodafone India Ltd announced a neatly packaged merger deal in March 2017. The former’s promoters got the equal rights they were looking for, and Vodafone Group Plc got to deconsolidate its cash...
Reliance Jio eyes RCom’s unsold 850 MHz band, but Airtel may also join the line
Reliance Jio Infocomm may target Reliance Communications’ remaining unsold airwaves in the 850-MHz band — considered among the most suitable for rollout of 4Gservices — with the government backing the sector regulator’s...
