Airtel initiates IPO process for its subsidiary Bharti Hexacom
Bharti Airtel has initiated the preliminary stages of the initial public offering (IPO) for its...
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Good Going: Telco performance during July-September 2023
During the quarter ended September 2023, Bharti Airtel and Reliance Jio witnessed robust financial...
Read MoreFinancial Briefs: India and overseas
Airtel and Vi sell stakes in FireFly to Manipura Digital Infrastructure OPCO Pte Limited (India) Bharti Airtel and Vodafone Idea Limited (Vi) have signed a deal to sell their stakes in the Wi-Fi joint venture (JV), FireFly...
Read MoreAirtel exploring $1 billion fundraise to prepay remaining dues for spectrum acquired in 2015
Bharti Airtel is reportedly exploring a fundraise of around $1 billion (approximately Rs 83.3 billion) to prepay a significant portion of its remaining dues relating to the spectrum bought in 2015. This fundraise could also...
Read MoreBharti Airtel’s committee of directors approves allotment of 1.42 million equity shares to FCCB holders
Bharti Airtel’s committee of directors has approved the allotment of 1.42 million fully paid-up...
Read MoreI Squared Capital finalising terms to acquire 65 per cent stake in ATC’s India unit
US-based I Squared Capital is finalising the terms to acquire around 65 per cent stake in American Tower Corporation’s (ATC) India unit, ATC Telecom Infrastructure Private Limited, at an enterprise value of around $1.5...
Read MoreATC to sell stakes in its India operations for $2.2 billion
American Tower Corporation (ATC) will reportedly sell stakes in its India operations at an enterprise valuation of up to $2.2 billion by the end of December 2023. According to industry sources, US-based I Squared Capital is set...
Read MoreTata Group acquires 100 per cent stake in Wistron India
The Tata Group has signed a binding share purchase agreement with SMS InfoComm (Singapore) Pte. Limited and Wistron Hong Kong Limited to acquire 100 per cent equity stake in Wistron Infocomm Manufacturing (India). It will enable...
Read MoreAirtel Uganda’s IPO undersubscribed; receives 54.45 per cent subscription rate
According to Airtel Uganda, its initial public offering (IPO) has been undersubscribed as it received a 54.45 per cent subscription rate for the $213 million worth of shares offered for sale. The firm launched its share sale on...
Read MoreMTNL sets 7.8 per cent semi-annual coupon on 10-year government-guaranteed bonds
According to sources, Mahanagar Telephone Nigam Limited (MTNL) has set a semi-annual coupon of 7.8 per cent on its government-guaranteed bonds maturing in 10 years. The telecom company has also accepted bids worth Rs 25.7...
Read MoreAirtel and Vi sell stakes in Wi-Fi JV FireFly to Manipura Digital Infrastructure OPCO Pte. Limited
Bharti Airtel and Vodafone Idea Limited (Vi) have signed a deal to sell their respective stakes in...
Read MoreVi secures loan worth Rs 20 billion from HDFC Bank
Vodafone Idea Limited (Vi) has reportedly secured a loan worth Rs 20 billion from HDFC Bank. The funding will likely help the operator to meet its past overdue licence fee and 5G spectrum payment commitments amid the possibility...
Read MoreIncreasing Activity: Wave of M&A deals in the telecom space
Merger and acquisition (M&A) activity globally has declined in recent months. During the first...
Read MoreFinancial Briefs: India and overseas
Jio raises Rs 2 billion in offshore loans (India) Reliance Jio has reportedly raised close to $2...
Read MoreJio raises close to $2 billion in offshore loans
Reliance Jio has reportedly raised close to $2 billion in one of the country’s biggest offshore loans in the fiscal year 2023-24 (FY24). HSBC was the lead arranger of the initiative that will help fund recent 5G network...
Read MoreEutelsat completes all-share combination with OneWeb to develop first GEO-LEO satellite space connectivity company
Eutelsat Communications SA has announced the completion of its all-share combination with OneWeb,...
Read MoreTelecom Revenues: Performance of various service segments during the quarter ended June 2023
As per the Telecom Regulatory Authority of India’s (TRAI) data, operators generated gross revenues...
Read MoreFinancial Briefs: India and overseas
Airtel prepays Rs 80.24 billion to clear high-cost deferred liabilities for spectrum acquired in 2015 (India) Bharti Airtel has prepaid Rs 80.24 billion to the Department of Telecommunications (DoT) as part payment of deferred...
Read MoreMTNL to seek shareholders’ approval to raise Rs 31.26 billion via bonds
Mahanagar Telephone Nigam Limited (MTNL) has announced that it will seek shareholders’...
Read MoreCisco to acquire Splunk for $28 billion
Cisco has announced a definitive agreement with Splunk, under which it will acquire the latter for $157 per share in cash, representing approximately $28 billion in equity value. Upon the close of the acquisition, Gary Steele,...
Read MoreKotak Data Center Fund invests Rs 6 billion in Sify Technologies’ data centre business
Kotak Data Centre Fund, managed by Kotak Alternate Asset Managers Limited (KotakAlt), has...
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