Boston-based American Tower Corp (ATC) is set to buy 20,000-odd standalone towers of Vodafone India and Idea Cellular at an enterprise valuation just over $1 billion in an all-cash deal, two people with direct knowledge...
DoT clears Reliance Communications’ merger with Sistema Shyam
The Department of Telecom (DoT) has cleared the merger of Sistema Shyam Teleservices with Reliance Communications, a deal that will reduce the number of mobile operators in the country to ten...
Bharti Airtel, Millicom close deal to combine Ghana operations
Telecom operator Bharti Airtel and Millicom International Cellular on Monday announced the completion of a deal to combine their operations in Ghana. The deal, executed through their respective subsidiaries, will create...
T-Mobile, Sprint aim to announce merger without asset divestitures: sources
T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask...
NCLT approves withdrawal of RCom-Aircel merger
The National Company Law Tribunal has approved the withdrawal of merger deal between Reliance Communications and Aircel, as per a regulatory filing. “The National Company Law Tribunal, Mumbai Bench (NCLT) has...
Tata Tele deal: How Airtel is getting a billion-dollar business for free
After Telenor ASA decided to hand over its India mobile business to Bharti Airtel Ltd for free, the Tata group has done the same. In the June quarter, revenues of these companies together stood at Rs3,202 crore or...
Post wireless merger, Bharti-Tata tango likely across telecoms & media space
With the merger of the mobile wireless business of Tatas and Bharti, India’s largest conglomerate has embarked on a strategic overhaul of its entire telecom and media business. Group insiders say that going forward...
Merged entity will be strong rival to Idea-Vodafone: Analysts
Bharti Airtel’s buyout of Tata TeleservicesBSE 9.95 % wireless business would prove a win-win for both companies, which would form a formidable competitor to Idea-Vodafone combine, while it would auger well for the...
How Tata Tele-Bharti Airtel deal was done in 5 days
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business. A collapsed deal was brought back to life in the last five days, people close to the transaction...
NCLT to consider Nov 2 admitting TechM insolvency petition against RCom
The National Company Law Tribunal (NCLT) will consider admitting an insolvency case against Reliance Communications (Rcom) filed by Tech Mahindra on 2nd of November. The IT company had filed an insolvency petition for a...
Sprint, T-Mobile are said to be ironing out final merger details
Sprint Corp. and T-Mobile US Inc. are putting the finishing touches on a merger that’s likely to be announced when the wireless carriers report quarterly earnings at the end of October, according to people familiar with...
NCLT to hear Ericsson’s RCom insolvency petition on November 9
The National Company Law Tribunal (NCLT) will hear on November 9 the case on whether Ericsson’s insolvency petition against Reliance Communications (Rcom) should be accepted. On September 11, Ericsson had filed...
