Telecom Italia’s cloud business Noovle and U.S. technology firm Cisco have sealed a partnership to develop cloud services for companies and public administrations, they said in a statement on Tuesday. The move...
Bharti Airtel OKs merger of Nettle, Airtel Digital, Telesonic Networks with itself; demerges telecom into new unit Airtel
Bharti Airtel’s board on Wednesday approved the amalgamation of wholly-owned arms, Nettle Infrastructure Investments Ltd, Airtel Digital Ltd and Telesonic Networks Ltd with and into the Sunil Mittal-led parent company...
Consolidation 2.0 in telecom sector on: India Ratings
The telecom sector is on its path to recovery and a business model consolidation phase is on the anvil where telcos will offer a whole gamut of services beyond voice and become digital services providers. The stiff...
SK Telecom, Shinsegae Group among bidders for eBay’s Korean business: sources
South Korea’s SK Telecom, retailer Shinsegae Group and private equity firm MBK Partners were among those that entered non-binding, preliminary bids for the sale of eBay Inc’s South Korean business, the telecom company...
Rogers’ $16 billion bid for Shaw shakes up Canadian telecoms industry, may irk regulators
Rogers Communications Inc said on Monday it was buying Shaw Communications Inc for about C$20 billion ($16.02 billion) in a deal that would create Canada’s second-largest cellular and cable operator but might attract...
Cable One to buy telecom firm Hargray Communications in $2.2 billion deal
U.S. cable service provider Cable One Inc said on Monday it would buy the remaining stake in regional telecom firm Hargray Communications that it does not already own, in a deal valued at $2.2 billion. Cable One said...
Phoenix Tower nears deal to buy telecoms business of Italy’s EI Towers – source
Phoenix Tower International is close to clinching a deal to buy the telecoms mast unit of Italy’s EI Towers for some 500 million euros ($606 million) by the end of the year, a source with knowledge of the matter said on...
Union Cabinet approves ₹2,481 crore worth FDI into ATC Telecom Infra
The Cabinet Committee on Economic Affairs on Wednesday approved foreign direct investment (FDI) worth Rs2,480.92 crore in ATC Telecom Infrastructure Pvt. Ltd. by ATC Asia Pacific Pte. Ltd. Union minister Prakash...
Western Union buys 15% stake in Saudi Telecom’s subsidiary
Western Union, the world’s largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia’s STC Group for $200 million. The acquisition of STC pay, which values the company at 5...
Little chance of 4-to-3 merger in Swedish telecoms market: Telia
There is little chance of a merger that would cut the number of mobile operators in Sweden from four to three, according to market leader Telia’s new CEO Allison Kirkby, who did a similar deal in the Netherlands...
American Tower to boost telecom portfolio with $3.5 billion deal for InSite Wireless
American Tower Corp said on Thursday it will buy communications firm InSite Wireless Group LLC in a $3.5 billion deal, aiming to snap up more telecom assets as 5G builds momentum in the United States. American Tower is...
Iliad wins EU antitrust okay for $4 billion Polish telecoms deal
French telecoms operator Iliad on Tuesday won EU antitrust clearance for its 3.5-billion-euro ($4.14 billion)acquisition of Polish mobile group Play as it stepped up its overseas expansion. The European Commission’s...