Idea Cellular-Vodafone India could see a whopping $5 billion reduction in net debt through a mix of capital infusions and tower sales ahead of their mega merger that is reckoned to close as early as March, analysts...
Idea Cellular plans to raise Rs 67.5 billion before Vodafone merger
With Idea Cellular reporting increased losses after a merger with Vodafone’s Indian subsidiary was announced in March last year, the Aditya Birla (AB) group announced a two-part plan to raise Rs 67.5 billion. The fund...
Idea may raise up to Rs 5,600 crore to pare debt
Idea Cellular, India’s third biggest telecom services company, may raise up to Rs 5,600 crore for debt reduction in a rights or preferential share issue to its current promoters, the Aditya Birla Group (ABG)...
Reliance Jio’s buying of RCom’s assets could bolster its 4G footprint, says Goldman Sachs
Reliance Jio Infocomm’s (Jio) 4G footprint after acquiring spectrum from Reliance Communications (Rcom), could potentially be higher than Bharti Airtel and the new company formed post Idea and Vodafone merger. “Jio’s...
Idea Cellular board to meet over fund-raising plans on Thursday
Telecom operator Idea Cellular on Monday said its board will meet on 4 January to consider a proposal for fundraising via preferential allotment, rights issue or other routes. “A meeting of the Board of Directors of the...
China Development Bank in talks with RCom as firm plans to reduce debt
China Development Bank, a creditor of Reliance Communications Ltd, said it is in talks with the Indian wireless carrier, following a plan by the Anil Ambani-backed firm to reduce its debts. Any progress will be...
Bharti Airtel to ink deal with Amazon to bolster content play in India
Bharti Airtel is set to enter into a deal with Amazon that will allow India’s top telecom market leader to distribute the American ecommerce giant’s content through the Airtel TV app and offer free subscription of...
RCom buyout spells synergy benefits, big savings for Jio
Mukesh Ambani-led Reliance Jio Infocomm is likely to harvest synergy gains, reduced operating expenses and higher savings in tower rentals with the acquisition of the wireless telecom assets of Reliance Communications...
Mega-deal between Ambanis gets thumbs up from the industry
Mukesh Ambani-promoted Reliance Jio’s decision to acquire spectrum, tower and other wireless assets of beleaguered Reliance CommunicationsBSE 20.16 % today got a thumbs up from the industry. Industry body Cellular...
RCom: The story so far
Twelve years after Anil Ambani took control of the telecom business of his father’s empire, the Reliance Group chairman on Tuesday announced a debt resolution plan for Reliance Communications, following which the firm...
RCom unveils mega debt resolution plan to exit SDR
Reliance Communications will sell telecom assets, including spectrum, towers and fibre, worth 25,000 crore by March 2018 to pre-pay lenders and exit the ongoing strategic debt restructuring (SDR) programme...
Bharti Airtel says purchase of Tanzania unit stake had government approval
Telecoms carrier Bharti Airtel said on Thursday that there were no irregularities in deals that made it the majority shareholder in a Tanzanian unit, a day after the country’s president claimed the company...
