Vodafone Idea Friday said that there is no proposal currently before its Board of a stake sale to US internet major Google, but added that the telco constantly evaluates opportunities. “Currently, there is no proposal...
US internet giant Google eyes stake in Vodafone Idea: Report
Tech titan Google is said to be exploring taking a minority stake in British telecom group Vodafone’s struggling India business. The investment in Vodafone Idea will pit the search giant against Facebook which has...
Mexico’s Slim gets $2 billion offer for IDEAL stake from Canada funds
Mexican infrastructure group IDEAL said on Tuesday the Canada Pension Plan Investment Board and an affiliate of Ontario Teachers’ Pension Plan have offered to acquire 40% of the company’s shares for $50.4 billion pesos...
Vodafone Idea can exit only after NCLT okays, Registrar of Companies records deal
Vodafone Idea (VIL) will not be able to cash out of the Bharti Infratel-Indus Towers merged entity early enough to generate money to help pay off a bigger part of its huge adjusted gross revenue (AGR) dues by March 17...
White House dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei
U.S. Vice President Mike Pence on Friday and the top White House economic adviser dismissed an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major...
Voda-Idea, Walmart-Flipkart: The biggest M&As of the decade
Talks of billions, hushed deals, closed-door meetings are just some of the similarities between the biggest mergers and acquisitions that went down in the last decade. From tech giants swallowing young competition to...
Senior citizens dread idea of bank mergers
The prospect of six public sector banks losing their identity following their merger with other lenders is giving anxious moments to long-term customers, particularly senior citizens. Their fear is the closure of the...
Voda-Idea in talks with Brookfield, Edelweiss to sell assets: Sources; telco denies
Vodafone Idea is said to be in talks to sell its optic fibre business to Brookfield Asset Management Inc. and its data centre to the Edelweiss Group as the telco seeks to raise over $2.5 billion from asset sales ahead...
Aditya Birla Group won’t face fund or bid curbs if Vodafone Idea faces bankruptcy: Bankers
The Aditya Birla Group will not be denied bank funds or be barred from bidding for insolvent companies if Vodafone Idea were to default and enter bankruptcy proceedings as there were no corporate or promoter guarantees...
AGR verdict devastating, telcos on brink of financial insolvency: Voda Idea
Vodafone-Idea (VIL), in its review petition filed in the Supreme Court against the recent order on adjusted gross revenue, has made it clear that the impact of the judgment is so “devastating” that...
Aditya Birla Idea Payments Bank headed for liquidation
The Reserve Bank on Monday said Aditya Birla Idea Payments Bank is headed for liquidation post application by the company for voluntarily winding up. “We advise that on a voluntarily winding up application by...
Vodafone Idea’s auditors may take call on writing off its assets soon
Vodafone Idea may just have a few months before its auditors take a call on the company’s health and comment on whether the telecom firm’s intangible assets such as goodwill should be written off in its financial...