Idea Cellular has sought the telecom department’s nod for its proposed $23-billion merger with Vodafone India, which will create the country’s largest telco by subscriber and revenue market share, a person aware of the...
Voda merger: NCLT orders Idea to convene shareholders-creditors meet in Oct
National Company Law Tribunal (NCLT)’s Ahmedabad bench on Monday ordered Idea Cellular Ltd to convene a shareholders-cum-creditors meet on October 12, for the purpose of voting for its proposed $23 billion (Rs 1...
Reliance Communications and Aircel creditors may challenge NCLT order
Three creditors of Reliance CommunicationsBSE -1.03 % and Aircel could challenge the dismissal of their right to call for a lenders’ meeting by the National Company Law Tribunal (NCLT) in the National Company Law...
RCom-Aircel merger: NCLT overrules DoT objections
The National Company Law Tribunal (NCLT), in its order admitting Reliance Communications Ltd’s (RCom’s) petition for merging its wireless division with Aircel Ltd, overruled the telecom department’s objections that the...
Airtel to hold shareholders, creditors meet in September on Telenor merger deal
Telecom major Bharti AirtelBSE 0.47 % today said a meeting of its shareholders and creditors has been convened next month to consider the proposed amalgamation of Telenor Communications with it. The company in a filing...
RCom’s merger with Aircel gets NCLT nod
The decision of the National Company Law Tribunal to approve the merger of Reliance Communications (RCom) and Aircel provides major relief for the Anil Ambani group in cleaning up its burgeoning debt. The merger will...
Syntel Telecom set to buy Enkay Technologies
Syntel Telecom, the telecommunication unit of Arvind Ltd, has agreed to buy enterprise unified communications provider Enkay Technologies as the 80 year-old textiles and fabrics major is diversifying and strengthening...
Telco consolidation will open opportunities, says IBM
Technology major International Business Machines Corp (IBM) has said the ongoing consolidation among India’s telcos will open up new opportunities for the company, and it is in talks with them to help the carriers...
Bharti Airtel CEO sells stake worth Rs 5 crore in firm to Bharti Telecom
Bharti Airtel MD and CEO Gopal Vittal on Thursday sold 1.21 lakh shares of the company to promoter firm Bharti Telecom for over Rs 5 crore. According to the block deal data available with the NSE, the shares were...
NCLT to decide on RCom-Aircel merger on August 14
The National Company Law Tribunal is set to pronounce its decision on Monday on whether or not to consider the proposal of merger between Reliance Communications’ wireless business and Aircel. Shares of RCom...
Altice weighing takeover offer for Charter: sources
Netherlands-based telecom conglomerate Altice NV (ATCA.AS) and its U.S. cable unit are in the early stages of working on an offer to buy Charter Communications Inc (CHTR.O), sources told Reuters on Wednesday, in a move...
Idea Cellular seeks NCLT nod over approval of merger with Vodafone
Idea Cellular Ltd. on Monday filed an application before the National Company Law Tribunal’s (NCLT) Ahmedabad Bench, seeking approval for its merger with Vodafone India Ltd. and Vodafone Mobile Services Ltd. The...
