Mukesh Ambani-owned Reliance Industries (RIL) is said to be in talks to acquire Sameer Manchandapromoted multi-system operator (MSO), DEN Networks, two highly placed sources with the direct knowledge of the development...
T-Mobile US explores takeover of Sprint: source
U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter...
IiAS supports Airtel-Telenor merger
Proxy advisory firm Institutional Investor Advisory Services (IiAS) supports the merger between Bharti AirtelBSE -0.30 % and Telenor India which comes up for shareholder voting on Tuesday. In contrast with Stakeholders...
SES urges Bharti shareholders to reject Telenor deal
Proxy advisory firm Stakeholders Empowerment Services (SES) has advised Bharti Airtel’s shareholders to reject the company’s proposal to acquire Telenor India when it comes up for voting on Tuesday. In a report to...
Aircel denies report on bankruptcy filing
GSM telecom operator Aircel Friday denied a report and said that it had no plans to file for bankruptcy. “It is business as usual at Aircel. The company denies any move to file for bankruptcy under the Insolvency...
Reliance Communications to challenge Ericsson’s insolvency petition
Reliance CommunicationsBSE -2.06 % today said it will challenge equipment maker Ericsson’s petition against it under the insolvency and bankruptcy code for recovery of about Rs 1,155 crore. “We wish to...
Vodafone to invest 2 billion euros in German fibre connections
Vodafone said it would spend about 2 billion euros ($2.4 billion) to provide around 13.7 million new ultrafast broadband connections to homes and businesses by the end of 2021 in Germany, its biggest European market...
Brookfield joins race for Vodafone, Idea stakes in Indus Towers
Brookfield Asset Management has joined the fray to buy Vodafone India and Idea Cellular’s combined 53.15% shareholding in Indus Towersthough Bharti Infratel leads the race, three people aware of the development said...
Bharti Airtel completes acquisition of Tikona Digital
Bharti AirtelBSE -1.26 % has informed the telecom department that it has fully acquired Tikona Digital Networks’ share capital, and that the latter is now a wholly-owned arm of the Sunil Mittal-led telco. “We have...
Jio effect: Govt defers BSNL stake sale as profit declines, say sources
The government has deferred a decision on selling a stake in state-run telecoms firm Bharat Sanchar Nigam Ltd (BSNL) as falling profits and market share in the booming handphone sector dim the prospects of a successful...
I-T dept slaps Rs 32,230-cr demand on Hutchison for Vodafone deal
The income-tax department has slapped a Rs 32,320-crore demand in tax, interest and penalty on Hong Kong-based Hutchison for alleged capital gains it made on the $11-billion sale of its India mobile business to...
Airtel forges strategic tie up with Symantec
Bharti Airtel has entered into a strategic partnership with cyber security provider Symantecunder which the leading carrier in the country will offer security solutions to companies, start ups and government...
