The boards of Bharti Airtel, Tata Teleservices (TTSL) and its listed Tata Teleservices (Maharashtra) (TTML) unit separately cleared the terms for the merger of Tata Group companies’ consumer mobility business with the...
Bharti Airtel to acquire Tigo in Rwanda
Bharti Airtel has entered into a definitive agreement with Millicom International Cellular under which Airtel Rwanda Limited will acquire 100% equity interest in Tigo Rwanda Limited, thus consolidating the Rwandan...
Vodafone, Idea Cellular begin deal closure talks
The Aditya Birla Group and Vodafone Group PLC have started talks on the “closing adjustments” of the merger between Idea Cellular and Vodafone India, and the discussions are focused on how to resolve Idea’s losses...
Telcos may pare up to Rs 90,000 cr debt via mobile tower stake sale: Icra
The telecom industry could pare as much as Rs 90,000 crore debt if stake sale deals of mobile tower assets, currently being discussed, materialise, credit rating firm Icra said on Monday. It predicted structural and...
Ericsson ropes in CDB counsel Darius Khambata in fight against RCom
Equipment maker Ericsson has roped in senior counsel Darius Khambata to represent it in its insolvency petition against Reliance Communication (RCom) at the National Company Law Tribunal (NCLT). Khambata is also...
Supreme Court to hear plea against High Court order on Vodafone arbitration
The Supreme Court is scheduled to hear on Tuesday the government’s appeal against a Delhi High Court order that allowed Vodafone to go ahead with arbitration proceedings against India in its Rs 11,000-crore tax dispute...
ATC eyeing more tower assets in India, says Chairman James D Taiclet
American Tower Corp (ATC) Chairman & Chief Executive James D. Taiclet said the Boston-based independent tower company would eye more big-ticket tower asset buys to augment operations in India — its biggest...
M&As to boost big telcos’ revenues
Top telcos such as Bharti AirtelBSE -1.71 %, Vodafone-Idea combine and Jio stand to gain about 10% in terms of revenue market share within a year as fringe players merge with the bigger players, or exit the industry...
Lenders get bids for Reliance Communications assets
Lenders to the Anil Ambani-controlled Reliance Communications (RCom) have received bids for the assets of the ailing entity, under heavy debt. The assets put on the block are in telecom and real estate. Its earlier...
Let telcos undergoing debt restructuring surrender spectrum: IBA to DoT
The Indian Banks’ Association (IBA) has asked the government to allow telecom companies undergoing debt restructuring in schemes drawn up by the Reserve Bank of India to surrender liberalised spectrum. Any excess...
RCom says in settlement talks, CDB counsel denies move
Reliance Communications (RCom) on Wednesday insisted it was negotiating a settlement with China Development Bank, one of its largest creditors, even as the Chinese government banker sought to club its insolvency...
More Chinese lenders likely to pursue RCom in insolvency court
Two major Chinese lenders plan to support a move by China Development Bank to put Indian wireless carrier Reliance Communications (RCom) into insolvency court as they seek to recover about $2 billion in debt, said three...
