The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to go for “fresh determination” and pass a new order after providing opportunity of hearing to two former employees of Videocon...
Telecoms tycoon Drahi in talks to buy French satellite firm Eutelsat – sources
Telecoms tycoon Patrick Drahi is in talks to buy French firm Eutelsat in a deal that would see one of his investment vehicles take direct control of the Paris-listed satellite operator, two sources familiar with the...
Israeli telecom firm Partner bids to buy rival Xfone
Israeli telecoms group Partner Communications Company Ltd said on Thursday it had offered to buy the business operations of smaller rival Marathon 018 Xfone for 187 million shekels ($58.1 million). Partner’s bid...
Telecoms firm Syniverse to go public via $2.85 billion blank check deal
Telecoms services firm Syniverse Technologies LLC plans to go public through a merger deal with a blank check company that would give it an enterprise value of $2.85 billion. The deal will provide Syniverse with up to...
Telecom Italia’s FiberCop and Iliad in fibre broadband deal
Iliad has agreed to join in development of Telecom Italia’s (TIM) last-mile grid as the French telecoms group prepares to enter Italy’s fixed broadband market. Iliad, which has captured 10% of Italy’s...
Telecom firm Lumen to sell certain U.S. assets in $7.5 bln deal
Lumen Technologies said on Tuesday it would sell some of its telecom assets to Apollo Global Management Inc in a deal valued at $7.5 billion. Apollo Funds will acquire some of Lumen’s business in 20 U.S. states in...
EU regulators okay Orange’s Romanian telecoms acquisition
EU antitrust regulators on Wednesday gave conditional approval to French telecoms provider Orange to buy 54% of Telekom Romania Communications from Deutsche Telekom’s Greek unit. France’s biggest telecoms group...
Telecom Italia-DAZN deal averts watchdog precautionary measures
Italy’s competition watchdog on Wednesday accepted amendments to a deal between Telecom Italia (TIM) and sports streaming service DAZN that would avert precautionary measures being imposed on their technical and...
Telecom firm Lumen to sell Latin America business for $2.7 billion
Telecom company Lumen Technologies said on Monday it would sell its Latin American business to private equity firm Stonepeak for $2.7 billion. The business will operate as an independent, U.S.-headquartered portfolio...
PGCIL gets CERC nod for separate firm for telecom, digital technology biz
Power regulator Central Electricity Regulatory Commission (CERC) has approved a proposal of state-run Power Grid Corporation of India Ltd (PGCIL) for incorporation of a wholly-owned subsidiary company to undertake...
Termination of telecom licence will kill RCom resolution, Deloitte tells NCLT
Deloitte, the resolution professional for Reliance Communications (RCom), on Thursday told the bankruptcy court in Mumbai that the troubled telco’s insolvency process will go kaput if the telecom department terminates...
Axiata, Telenor sign $15.8 billion deal to merge Malaysian telecoms units
Malaysian telecoms firm Axiata Group Bhd and Norway’s Telenor ASA sealed an agreement to merge their mobile operations in Malaysia in a $15.8 billion deal, forming a new market leader in the competitive Southeast...