Telecom czar Sunil Mittal has said that Bharti Airtel’s proposed USD 23 billion transaction with South African telecom major MTN is a "well thought out" deal. The planned deal with MTN is expected to...
WPP to acquire Ray & Keshavan
WPP to acquire Ray & Keshavan Having got the Foreign Investment Promotion Board (FIPB) approval for acquiring Ray & Keshavan Design, the WPP Group would be entering the area of specialised design in the Indian...
India-targeted M&A volume touch 3-yr low
Merger and acquisition (M&A) activities involving Indian companies have slumped to a three-year low of $19.9 billion so far in 2009, with the corporate world facing a liquidity crunch in the wake of the global...
Idea gets nod to hive off tower business
Idea Cellular has received the shareholders’ approval for hiving off its towers into a subsidiary — Idea Cellular Towers Infrastructure. This subsidiary will have Idea’s nearly 11,000 towers in nine...
SEBI guidance to Bharti on MTN deal
The Securities and Exchange Board of India ( SEBI) in an “informal guidance” to Bharti Airtel has said that MTN Group would be required to make an open offer only if it converted the Bharti Airtel GDRs they...
Sebi exempts MTN from making open offer to Bharti shareholders
South African firm MTN need not make an open offer to Bharti Airtel shareholders in India as its shareholding in the Sunil Mittal promoted firm would be through the Global Depository Reciepts (GDR), says market...
Bharti, RCom in race to buy Zain group’s Africa biz: Report
Leading Indian telecom players Bharti Airtel and Reliance Communications have joined the race to acquire the African business of Kuwait-based Zain Group, says a media report. "Two Indian telecom firms, Bharti and...
Bharti mum on MTN shareholder call to sweeten bid
India’s top mobile company, Bharti Airtel, kept mum on Wednesday on a call by a key shareholder of South Africa’s flagship MTN cellular group to improve its merger offer. MTN entered "exclusive...
Bharti-MTN deal: Pointer to the future
The merger talks between Bharti Airtel and South African telecom company, MTN, is a pointer to an emerging trend in the Indian telecom growth story. Saturated urban markets, declining average revenue per user, tighter...
Bharti group JV enters food & beverages market
The venture will also invest in R&D operations in Punjab. The Mittal-promoted Bharti group — with interests in telecom, insurance, realty and retail — has ventured into the food and beverage (F&B)...
Bharti, MTN shares slide on bourses amid merger talks
A day after Indian telecom major Bharti Airtel renewed efforts to acquire a 49 per cent stake in South Africa’s leading wireless-services provider MTN, shares of both the companies registered losses of as much as...
Telecom M&As set to touch $50 billion
If Bharti Airtel’s proposed $23 to $29 billion merger with South African operator MTN goes through, India’s telecom M&A market will come of age — either crossing or getting close to the $50 billion...