U.S. telecommunications tower operator Crown Castle International Corp (CCI.N) made an offer this week to acquire Lightower Fiber Networks for more than $7 billion, including debt, according to people familiar with the...
Vodafone-Idea merger: Sebi looks at open offer possibility
The Securities and Exchange Board of India (Sebi) is examining whether the proposed merger between Vodafone India and the Kumar Mangalam Birla-owned Idea Cellular will trigger an open offer under the takeover rules...
Mexico’s Axtel to sell towers to American Tower for $56 million
Mexico’s Axtel, the telephone unit of conglomerate Alfa (ALFAA.MX), on Tuesday, said it had reached a deal to sell towers to a subsidiary of American Tower Corp for $56 million. Axtel said in a filing with the...
Bharti Airtel to invest Rs2,000 crore in Project Next
In a bid to strengthen its position in India’s hyper-competitive telecom industry, market leader Bharti Airtel Ltd on Monday said it will invest as much as Rs2,000 crore over the next three years for its digital...
Merger with Tata to help Bharti Airtel close gap with Vodafone-Idea
Bharti AirtelBSE 0.01 % will emerge stronger in the enterprise and undersea cable business and narrow the gap with the Vodafone-Idea combine in mobile service revenue market share (RMS) if the Sunil Mittal-led Bharti...
America Movil says completes deal to buy spectrum from Grupo MVS
Mexican billionaire Carlos Slim’s America Movil (AMXL.MX) has completed its purchase of rights to 60 megahertz of spectrum from Grupo MVS, America Movil said on Friday. In November, America Movil said its wireless...
Tatas, Bharti on a call to explore joint front in telecom and DTH
The Tata Group and Bharti Enterprises have held exploratory talks to evaluate a mega alliance involving their telecom, overseas cable and enterprise services, and direct-to-home TV businesses, several people familiar...
Bharti Airtel open to selling bigger chunk of tower arm Bharti Infratel
Bharti AirtelBSE 0.56 % may revive a plan to sell a controlling stake in tower arm Bharti Infratel in an effort to pare over $14 billion of debt and release funds for network expansion, people familiar with the matter...
Bharti Airtel’s deals with Videocon, Aircel approved: CCI
The Competition Commission of India has approved Bharti AirtelBSE -0.90 %’s acquisition of Videocon Telecom and Aircel Ltd’s airwaves, according to details on the antitrust watchdog’s website. The approvals...
Tower sale plan of Vodafone, Idea gathers steam ahead of merger
Vodafone India and Idea CellularBSE 0.95 % have put their standalone tower sale plans on fast-track by giving formal mandates to investment banks Morgan Stanley and Bank of America-Merrill Lynch to finalise buyers, two...
Anil Ambani’s summer asset sale expands, foreign banks approach NCLT on RCom
Under pressure from lenders, the restructuring of billionaire Anil Ambani’s mobile-to-metro conglomerate is turning into a summer sale even as foreign banks have raised objections to fundraising plans by the group’s...
Airtel may buy Tata Tele: UK research firm
Bharti Airtel is the most likely acquirer of the struggling Tata Teleservices as the Indian telecom sector consolidates into a four-operator market in the next three years, according to a just-published report by London...
