The National Company Law Tribunal (NCLT) is expected to take a call on whether to admit Reliance Communications’ merger proposal with Aircel on Thursday even as the telecom department suggested that the proposed...
Charter Communications says ‘no interest’ in buying Sprint
U.S. cable operator Charter Communications Inc said on Sunday it was not interested in acquiring U.S. wireless carrier Sprint Corp, leaving the latter’s majority owner, SoftBank Group Corp, pondering how to...
Hutchison Telecom shares jump on $1.2 billion deal to sell fixed-line unit
Hutchison Telecommunications Hong Kong Holdings Ltd shares jumped almost 15 percent when it started trading on Monday, a day after it announced the sale of its fixed-line business for about $1.9 billion. Hutchison...
Sprint seeks alternatives to a merger with T-Mobile: sources
Sprint Corp (S.N) has proposed a merger with Charter Communications Inc (CHTR.O) as the wireless carrier seeks an alternative to a deal with T-Mobile US Inc (TMUS.O) that has so far not come to fruition, according to...
RCom, Aircel merger deal on sticky ground
The proposed merger of Reliance CommunicationsBSE -1.89 %’ wireless business and Aircel is clouded with more uncertainty with the Department of Telecommunications setting the Supreme Court’s go-ahead a...
Telecom firms take merger route to counter Reliance Jio onslaught
Ever since Reliance Jio Infocomm Ltd launched services in September, offering a lifetime of free voice calls and three months of free data (later extended until end-March, then end-June), mergers and acquisitions...
‘Running against time’ to close Aircel deal: Reliance Communications to NCLT
Reliance Communications(RCom) on Thursday told the National Company Law Tribunal (NCLT) it is “running against time” to close the merger of its wireless business with Aircel, which will help it repay a majority of its...
Vittorio Colao, KM Birla expect Vodafone-Idea merger to be completed in 2018
A day after competition regulator gave its nod to the Idea Cellular and Vodafone merger, Kumar Mangalam Birla, chairman of Idea Cellular and Vittorio Colao, chief executive, Vodafone Group in a joint statement Tuesday...
CCI gives unconditional nod to Vodafone-Idea merger
The competition regulator approved the proposed merger between Vodafone India and Kumar Mangalam Birla-owned Idea Cellular on Monday, a key step in paving way for creation of India’s largest telecom company by...
Reliance Jio to raise Rs20,000 crore via a rights issue
Reliance JioInfocomm (Jio) plans to raise Rs 20,000 crore through a rights issue of optionally convertible preference shares (OCPS) to shareholders as the wholly owned unit of Reliance Industries Ltd (RIL) prepares for...
CCI approves Softbank’s $1.4-billion investment in Paytm’s parent firm
The Competition Commission of India (CCI) has approved SoftBank Group Corp’s acquisition of 20 per cent stake in One97 Communications, the parent of digital payments company Paytm. The nod for the biggest investment by...
Bharti Airtel may go for consolidation as Etisalat Nigeria looks for buyers
Will Bharti AirtelBSE 1.54 % be involved in a potential consolidation in Nigeria, its largest Africa market? Analysts say a consolidation opportunity may arise in the market amid reports that efforts are underway to...
