Reliance Communications (RCom) on Thursday said it had received a go-ahead from the stock exchanges to acquire Sistema Shyam Teleservices Ltd (SSTL), which operates under the MTS brand. “We wish to inform you that we...
Airtel to sell 2 African operations to Orange
French telecom major Orange has signed a deal with Bharti Airtel International (Netherlands) BV for acquiring its operations in two African countries, Burkina Faso and Sierra Leone. The companies did not reveal the size...
CCI approves ATC’s Rs 7,635-crore stake buy in Viom Networks
NEW DELHI: US-based American Tower Corp has got CCI approval to acquire a majority stake in telecom tower firm Viom Networks for Rs 7,635 crore in an all-cash deal. In the largest FDI in the telecom sector this fiscal...
Tracking Speedy Delivery TCI – TCI Express Demerger
The board of Transport Corporation of India (TCI) has approved the demerger of its Express Distribution division undertaking into wholly-owned subsidiary TCI Express Ltd. XPS (Express) Undertaking is engaged in the...
Next-gen Ambanis take charge at Jio soft launch
Mukesh Ambani finally introduced his much-anticipated fourth-generation wireless broadband services – Reliance Jio – on Sunday, restricting it only for the company’s employees for now. While a full...
Truecaller joins the campaign against Facebook’s Free Basics
Caller identification app Truecaller, whose largest market is in India, has joined the campaign against Facebook’s Free Basics and called for adoption of net neutrality. Net neutrality means access to free and...
RCom, Aircel, SSTL merger may create strong number 4 after Airtel, Vodafone, Idea
KOLKATA: A three-way combination involving telecom operators Reliance CommunicationsBSE -0.06 %, Sistema Shyam Teleservices and Aircel would have an 3G footprint that’s bigger than those of Vodafone and Idea...
RCom, Aircel in talks to merge wireless biz
Reliance Communications on Tuesday said it had entered into a 90-day non-binding exclusivity period with Maxis Communications Berhad and Sindya Securities and Investments, shareholders of Aircel, to consider potential...
U.S. FCC approves Altice acquisition of cable firm Suddenlink
The U.S. Federal Communications Commission said on Friday it approved the $9.1 billion sale of U.S. regional cable company Suddenlink Communications to European telecoms group Altice NV. The Dutch firm announced in May...
Tata Communications to sell Neotel stake to Vodafone South Africa armSell
NEW DELHI: Tata CommunicationsBSE -0.54 % today said it has submitted documents for the restructured transaction for selling majority stake in its subsidiary Neotel’s fixed line assets to Vodafone’s South...
Yahoo reverses course on plan to spin off Alibaba stake
Yahoo Inc (YHOO.O) shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) on Wednesday, under pressure from activist investors worried about billions of dollars in taxes, and...
Reliance Communications agrees to sell towers business to Sanjiv Ahuja-TPG combine
MUMBAI: Reliance CommunicationsBSE -3.11 % signed a non-binding agreement to sell its telecom towers to Sanjiv Ahuja-led Tillman Global Holdings and private equity buyout group TPG in a move that could alleviate the...