odafone mulls $13.5 bn offer The board of Britain’s Vodafone Group Plc is set to meet on Thursday to mull a proposed USD13.5 billion-plus offer for Hutchison Essar, the Financial Times reported. Such a move would...
Maxis readies bid for Hutch Essar
Maxis readies bid for Hutch Essar Posing serious competition to the Anil Dhirubhai Ambani group, Maxis of Malaysia is finalising a bid for Hutchison Essar, the third largest private mobile operator in India. The Maxis...
SBI banks on SBS success for future M&As
Bharti Airtel and MTN failed to meet the Friday deadline to conclude merger talks to create the third-largest mobile phone operator in the world, but executives with direct knowledge of the development said the...
Hutch buy to jingle all the way for RCL
Hutch buy to jingle all the way for RCL There are enough operational synergies between Reliance Communications (RCL) and Hutchison Essar (HEL), and the department of telecom’s merger guidelines also seem to favour...
Bharti-MTN merger may be completed only by September
The deal between Bharti Airtel and South African telco MTN is likely to be inked only by September this year. It is learnt that the two companies could extend the exclusivity period for discussion by a few weeks. The...
Bharti, MTN likely to extend timeline for merger talks
Bharti Group and South Africa’s MTN Group are likely to extend the time period for discussing a possible merger. The two companies had earlier entered into an exclusive agreement to discuss synergies till July 31...
WPP merges R+K with Enterprise IG
WPP merges R+K with Enterprise IG Enterprise IG, the WPP group’s design consultancy firm, has merged the Bangalore-based Ray+ Keshavan with Itself. WPP had acquired the Bangalore-based Ray+Keshavan last month. The...
UTV acquires stakes in UK co, Indiagames for Rs 128 cr
UTV acquires stakes in UK co, Indiagames for Rs 128 cr UTV Software Communications, the production and entertainment company, is now making strides into gaming and has acquired a controlling stake in Ignition...
Deadline looms in Bharti-MTN merger talks
The countdown is on in merger talks between India’s top mobile firm Bharti Airtel and South Africa’s flagship MTN cellular company to create an emerging market powerhouse. The Indian company, which harbours...
Talks on with MTN on deal: Bharti
Bharti Airtel today said it is still in talks with South Africa’s MTN over a deal which could see a merger of the two telecom giants that have a combined revenue of $20 billion. The two companies would be in...
Avaya to buy Nortel’s enterprise segment
Avaya in India will benefit from the global move by Avaya Inc to acquire Nortel Networks Corporation’s enterprise solutions business for $475 million. The global deal was announced late on Monday from Toronto as...
Orascom keen to hike holding in Hutchison
Orascom keen to hike holding in Hutchison The Egypt-based telecoms service provider Orascom said that it was looking to increase its stake in Essar Hutchison by hiking its holding in Hong Kong-based Hutchison Telecom...