Lenders to embattled Reliance Communications Ltd. have bought themselves some time in taking provisions on $7 billion of debt, but still face an uphill struggle in turning around the phone company. Last week, the...
T-Mobile and Sprint work to save merger talks: WSJ
T-Mobile US and Sprint are working to salvage their $74 billion merger and could reach a deal within weeks, the Wall Street Journal reported, citing people familiar with the matter. Parent companies Deutsche Telekom and...
Bharti Telecom increases stake in Airtel to 50.10%
Bharti Telecom has increased its shareholding in Bharti Airtel to 50.10% by acquiring over 184.7 million shares from Indian Continent Investment Ltd (ICIL). Bharti Telecom is the promoter of Bharti Airtel, India’s...
U.S. and AT&T discuss conditions for approval of Time Warner deal
AT&T Inc (T.N) and the U.S. Department of Justice are discussing conditions the No. 2 wireless carrier needs to meet in order to win government antitrust approval for its acquisition of Time Warner Inc (TWX.N)...
Bharti Airtel to demerge optic fibre business into unit Telesonic Networks
Bharti Airtel has said it will transfer its optical fibre cable business to a wholly-owned subsidiary Telesonic Networks Ltd., by way of a slump sale, for up to Rs 5,650 crore. “Cash consideration of Rs 4,564.7 crore...
Bharti Airtel to consider proposal to sell controlling stake in Bharti Infratel
A clutch of global investors have approached Bharti AirtelBSE 6.95 % showing interest in buying a “significant stake” in its listed tower unit, Bharti Infratel, and it will consider the proposal, the nation’s top...
Sistema Shyam telecom biz merges with Reliance Communications
Reliance CommunicationsBSE -1.17 % (RCom) Tuesday said it has completed the Sistema Shyam Teleservices (SSTL) merger transaction, having received approvals from all relevant Indian regulators and courts. RCom, in a...
SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: sources
SoftBank Group Corp and Deutsche Telekom AG have reached an impasse in their talks to merge Sprint Corp and T-Mobile US Inc, sources said, sending shares in the Japanese Internet giant sliding. At a SoftBank board...
Anil Ambani hands over majority stake in RCom to banks under new debt repayment plan
Reliance Communications (Rcom) has presented a fresh “zero write-off, plan to its lenders, under which banks could convert some of its debt and take a majority 51% stake in the telecom operator. The company could...
Bharti Infratel to explore buying stake in Indus Towers
Bharti Infratel, India’s sole listed telecom tower company, is exploring a mega stake acquisition in larger peer Indus Towers that could be the largest consolidation move in the industry. “The board of...
Bharti Tele to buy 4.62% in Airtel from group company for Rs 9,600 crore
Bharti Telecom, the promoter and holding company of Bharti AirtelBSE -0.58 %, will buy another 4.62% stake in India’s largest telecom operator from a group company in a deal that could be worth up to Rs 9,600 crore. In...
Clix Capital partners Airtel, Seynse Tech for mobile financing
Clix Capital Services Pvt Ltd, formerly GE Money Financial Services Pvt Ltd, has partnered with Airtel and Seynse Technologies to launch the country’s first fully digital mobile financing programme. The...
