Messaging and social technology company Hike on Wednesday partnered with Airtel Payments Bank to power its wallet. Through the alliance, Airtel Payments Bank will get access to over 100 million users on Hike and will...
I-T nod to Voda-Idea merger with caveats
While Vodafone India and Aditya Birla group firm Idea Cellular are in the final stages of the proposed merger to become the largest telecom firm in the country, the onus of the tax dues of Rs 22,100 crore...
ALTBalaji eyes content distribution, billing partnerships; in talks with Vodafone, Airtel
ALTBalaji, an over-the-top video content provider, is eyeing distribution and billing partnerships with domestic and foreign telecom operators, including Vodafone Group and Bharti Airtel, according to a top executive of...
Lenders clear sale of RCom Delhi, Chennai assets for Rs 801 cr
Lenders of debt-ridden Reliance Communications have approved the sale of its real estate assets in Delhi and Chennai to Canada-based asset management firm Brookfield, said a source. “Lenders have approved sale of...
5G in India: Ericsson partners with Airtel to develop technology network
Swedish telecom gear maker Ericsson Friday said it has partnered with Bharti Airtel for 5G technology for the telecom giant’s India operations. “We have MoUs (agreements) with 36 operators globally. In...
Airtel receives CCI nod for Tata Tele’s consumer business buy
Bharti Airtel has received nod from Competition Commission of India (CCI) for its takeover of the wireless business of Tata Teleservices (TTSL), thereby overcoming the first sof clearances that the merger needs...
Lenders may push Aircel to buy GTL’s $2.5bn tower co
Malaysia’s Maxis Communications-owned mobile telephony provider Aircel is making a move to acquire independent tower operator GTL Infrastructure in a deal, which is being pushed by the common lenders of the two troubled...
Do Idea Cellular and Vodafone need to be recapitalized?
Things have changed dramatically since Idea Cellular Ltd and Vodafone India Ltd announced the terms of their proposed merger in March this year. Back then, based on earnings for 2016, the combined entity had a net debt...
NCLAT issues notice to RCom on Manipal Technologies’ plea
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued a notice to Reliance Communications (Rcom) in response to a petition filed by Manipal Technologies Ltd that sought dues of about Rs 2.74 crore from...
ATC open for more mobile tower acquisition opportunity
Telecom infrastructure firm ATC will continue to look at acquisition opportunities in the Indian market after completing integration of 20,000 mobile towers of Vodafone and Idea with its business, a top company official...
Vodafone pegs $5-billion valuation for 42% stake in Indus Towers
Vodafone Group Plc has valued its 42% stake in Indus Towers, the largest telecom tower company in India, at $5 billion (around Rs 32,720 crore) and its group CEO Vittorio Colao said that the competitive South Asian...
Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight
Qualcomm Inc. rejected Broadcom Ltd’s $105 billion acquisition offer, kicking off what would be the largest technology takeover battle in history. Qualcomm recommended shareholders spurn the deal, saying it’s an...
