As it aims to take on Reliance Jio and reduce its debt, Airtel, the country’s top mobile telephone operator, has sold 67.53 million shares in its tower subsidiary, Bharti Infratel, for Rs 2,570 crore. This March, it had...
Vodafone-Idea merger gets conditional go-ahead from Sebi, bourses
The Securities and Exchange Board of India (Sebi) has given conditional approval to the merger between Kumar Mangalam Birla-owned Idea Cellular and Vodafone India. It will be subject to the regulator’s ongoing...
Airtel plans to sell 3.7% stake in Bharti Infratel for Rs 2500 crore
Bharti AirtelBSE 0.48 % is learnt to be in process to offload 3.7 per cent stake in Bharti Infratel for about Rs 2,500 crore, sources aware of the development said. Bharti Airtel in March had transferred 11.32 per cent...
Tata Tele buyout: Bharti, Singtel out of race; will Reliance Jio buy?
Tata group’s debt-ridden telecom services company Tata Teleservices continues to suffer setbacks in its efforts to get into a strategic alliance. The company is fast running out of options. And if reports of Sunil...
Idea-Vodafone merger may prove challenging and costly, say experts
Idea CellularBSE -0.70 % and Vodafone India plan to shortly kick off operational integration of their networks following the go-ahead by the competition regulator. But the exercise is likely to be fraught with...
Tatas explore sale of telecom assets to RIL
India’s largest conglomerate Tata Group has explored selling its struggling telecom and related assets to the country’s most valued company RelianceIndustries Ltd (RIL) even as Bharti Airtel remains a strong contender...
Now, tower companies object to RCom-Aircel merger
Tower companies Bharti Infratel and Indus Towers are the latest to object to a proposal to merge Reliance Communications’ wireless business with Aircel, being heard in the National Company Law Tribunal (NCLT)...
Bharti Infratel, Indus object to RCom-Aircel merger
Tower companies Bharti Infratel and Indus Towers are the latest to object to a proposal to merge Reliance Communications’ wireless business with Aircel, being heard in the National Company Law Tribunal (NCLT)...
Bharti Airtel may sell 3% stake in Infratel
Bharti Airtel, India’s largest wireless carrier, is considering selling about a three per cent stake in its tower unit through an institutional share sale, people with knowledge of the matter said. The New Delhi-based...
NCLT approves Airtel-Telenor merger
The National Company Law Tribunal (NCLT) has approved the proposed merger between Bharti Airtel and Telenor India. The tribunal has instructed the companies to hold a meeting of equity shareholders and unsecured...
There is no proposal to merge BSNL, MTNL: Manoj Sinha
There is no proposal to merge loss making public sector telecom operator MTNL with BSNL, Union Minister Manoj Sinha informed Parliament on Wednesday. “At present, there is no proposal for merger of BSNL and...
Brookfield, American Tower Corp & infrastructure fund of IDFC bid for 11,000 towers of Vodafone India
Global alternative asset management fund Brookfield, American Tower Corp, and local infrastructure fund IDFC Project Equity Infra have separately bid for the 11,000 individual towers of Vodafone India, valued at $600...
