Fair trade regulator CCI has given its nod to the intra-group transfer of shares of Indus Towers to Vodafone India’s shareholders from the telecom operator. According to the Competition Commission of India (CCI)...
Idea-Vodafone merger likely to close 6 months earlier, by March-April
The Idea-Vodafone merger is likely to close faster, as early as next March-April, six months before the more conservative September 2018 timeline recently suggested by Vodafone Group CEO Vittorio Colao. “Management...
Xiaomi is said to seek valuation of at least $50 billion in IPO
Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about an initial public offering and seeking a valuation of at least $50 billion...
Fortuna PR becomes fifth company to file insolvency plea against RCom
Fortuna Public Relations became the fifth company to file an insolvency petition against Reliance Communications(RCom) to recover dues worth Rs 43 lakh. The public relations company has filed the petition in the Mumbai...
Tata Communications to invest up to Rs 160 cr in cloud business
Tata Communications, the telecom unit of Tata Sons which looks into enterprise, cloud and security solutions, has earmarked a capital expenditure (capex) of $20-25 million (Rs 130-160 crore) for its overall cloud...
Airtel acquires stake in digital books platform
Bharti AirtelBSE 0.97 % has acquired a stake in Juggernaut Books, a digital platform to discover and read books and submit amateur writing, as India’s leading telecom operator looks to beef up its content play to take...
Tata Teleservices likely to offer 26% stake to JV partner in lieu of penalty
Tata TeleservicesBSE 0.14 % (TTSL) is looking to offset telecom infrastructure commitments by offering its 26 percent stake in a local joint venture to controlling shareholder American Tower Corp. (ATC) for...
Trai recommends smoother M&A norms for ease of doing business
The telecom regulator has recommended faster and time-bound approval of M&A proposals, more options for conforming to spectrum holding limits post a merger and streamlining of the penalty levy process among several...
Bharti Airtel’s plan to acquire Tata Tele users may face Trai hurdle
Over the coming weeks, over 4 crore Tata Teleservices customers will be automatically shifted to the Airtel network under an intra-circle roaming (ICR) arrangement, according to the two companies. However, Telecom...
Airtel open to acquisition talks with Aircel: Sunil Mittal
With the debt-laden telecom sector still facing the disruption caused by Reliance Jio’s entry into the market last year, Bharti Airtel Chairman Sunil Mittal has said that his company would be open to a possible...
Airtel a beneficiary of consolidation: Sunil Mittal
Bharti Airtel will be open to acquisition talks with Aircel, chairman Sunil Mittal said, indicating the possibility of an eighth buyout for the market leader since 2012, which includes spectrum trading deals as well...
Bharti Airtel eyes spectrum, equipment of Reliance Communications
Bharti Airtel is interested in buying select spectrum and some equipment of Reliance Communications (RCom) under a process being run by its lenders to sell assets of the Anil Ambani-owned telco piece by piece and...
