ATC Telecom Infrastructure on Friday sold its entire 2.87 per cent stake in telecom operator Vodafone Idea for Rs 1,840 crore through an open market transaction. American Tower Corporation (ATC) Telecom Infrastructure...
Blackstone exploring stake sale in telecom networks company Sipartech – sources
U.S. private equity giant Blackstone is exploring the sale of its stake in French telecom infrastructure provider Sipartech, according to two sources with knowledge of the situation. Blackstone is looking to hire...
Telenor to sell Pakistan telecoms unit for $490 mln
Norway’s Telenor said it had agreed to sell its Pakistan unit to state group Pakistan Telecommunications in a transaction valuing the unit at 5.3 billion Norwegian crowns ($490 million). The Norwegian group has...
France’s Orange withdraws from process to buy stake in Ethio Telecom
French telecoms firm Orange told Reuters that it had decided to withdraw from the process to purchase an up to 45% stake in Ethiopian operator Ethio Telecom. Orange submitted an expression of interest in 2021 to...
Italy approves decrees to take up to 20% stake in Telecom Italia grid
Italy approved on Monday two decrees providing for the economy ministry to take a stake of up to 20% in Telecom Italia’s (TIM) landline grid. The scheme implements a Memorandum of Understanding (MoU) signed on Aug...
I Squared closes in to buy ATC’s India telecom towers for $1.5-$2 bn
Boston-based American Tower Corp (ATC) is set to cede majority control in its wholly owned India unit to US private equity firm I Squared Capital after months of negotiations, said people aware of the matter. The two...
Belgium telecom provider Proximus to buy majority stake in India’s Route Mobile
Belgian telecom service provider Proximus Group on Monday said it will buy a 57.56% stake in Route Mobile for 59.22 billion rupees ($720.53 million). Proximus will pay 1,626.40 rupees per share of the Indian cloud...
Vodafone, Three to merge UK telecom operations to capitalize on 5G rollout
Two of the UK’s biggest mobile phone operators agreed to merge their businesses to capitalise on the rollout of next-generation 5G wireless technology in the country. The tie-up of Vodafone UK and Three, which is...
KKR, CDP rival consortium submit new bids for Telecom Italia grid
Telecom Italia (TIM) said on Friday it received two new offers for its landline grid as Italy’s biggest telecoms group seeks to resolve the impasse over the sale of its main asset. U.S. fund KKR and a rival...
Egypt sells $121.6 mln stake in state-controlled Telecom Egypt
Egypt’s government sold a 9.5% stake in state-controlled Telecom Egypt for 3.75 billion Egyptian pounds ($121.6 million), the finance ministry said in a statement on Sunday, breathing life into a privatisation...
Sweden’s EQT takes majority stake in Italy’s Wind Tre telecoms grid
Sweden’s EQT Infrastructure will take a majority stake in Wind Tre’s Italian telecoms network after agreeing a deal with Hong Kong’s CK Hutchison valuing the business at 3.4 billion euros ($3.74...
Ascend Telecom, GIP EM Ascend 2 get CCI nod to acquire Tower Vision India
The Competition Commission of India (CCI) has given the green light to the proposed acquisition of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd. The...