Nettle Infrastructure Investments, a wholly-owned arm of Bharti Airtel, has acquired 100 per cent stake in OneWeb India Communications Pvt Ltd, in an all-cash deal for an undisclosed sum. OneWeb is a low earth orbit (LEO)...
Read MoreOptiemus Infracom Limited has announced the completion of the acquisition of 2.76 million equity shares (19.91% of the total share capital) of Optiemus Electronics Limited, subsidiary and joint venture company, by way of...
Read MoreBharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) have reportedly not cleared their adjusted gross revenue (AGR) dues of over Rs 100 billion as calculated by the Department of Telecommunications...
Read MoreThe Department of Telecommunications (DoT) has told the Supreme Court (SC) that Bharti Airtel has refused to pay the adjusted gross revenue (AGR) related dues of Videocon Telecommunications (VTL). In an affidavit filed in the...
Read MoreMicron Technology has announced results for its second quarter (Q2) of fiscal 2021, which ended March 4, 2021. The company reported a revenue of $6.24 billion during Q2 fiscal 2021 versus $5.77 billion for the prior quarter....
Read MoreMastercard will invest $100 million in Airtel Africa’s wholly-owned subsidiary Airtel Mobile Commerce BV (AMC BV). As per the transaction, Mastercard will hold a minority stake in AMC BV with Airtel Africa continuing to hold the...
Read MoreBharti Airtel and Vodafone Idea (Vi) and Tata Teleservices have failed to pay the first instalment towards adjusted gross revenue (AGR) to the Department of Telecommunications (DoT). The first installment had to be paid before...
Read MoreReliance Jio, Bharti Airtel and Vodafone Idea (Vi) have paid up Rs 50 billion to the Department of...
Read MoreThe National Company Law Tribunal (NCLT) has given an approval to the merger of Bharti Airtel’s...
Read MoreAirtel Africa has sold its tower units in Madagascar and Malawi to Helios Towers Plc for around $108 million. Further, the telco has inked separate pacts with Helios Towers Plc for the potential sale of its tower assets in Chad...
Read MoreRailTel has posted its financial results for the third quarter (Q3) FY2021. The company registered a total income of Rs 4.18 billion in Q3 FY21. This is a 43 per cent increase over preceding quarter and 50 per cent Y-o-Y....
Read MoreTata Group’s holding in Tata Communications has increased to 58.87 per cent after the government sold its partial stake to Tata Sons’ unit Panatone Finvest. The government recently sold 10 per cent of its stake in...
Read MoreThe government has finalised its exit from Tata Communications by selling its complete 26.12 per...
Read MoreBharti Airtel has reportedly allotted around 36.47 million preferential shares to a Warburg Pincus affiliate at Rs 600 per share in addition to some cash, for buying out the fund house’s 20 per cent stake in its DTH arm,...
Read MoreBharti Airtel has acquired a 3.33 per cent stake in special purpose vehicle (SPV) Avaada...
Read MoreTelecom operators have made upfront payments to the Department of Telecommunications (DoT) for the...
Read MoreAccording to Bharti Airtel, investment firm TPG’s Rise Fund will invest $200 in Airtel Africa’s mobile business Airtel Mobile Commerce (AMC) BV at a valuation of $2.65 billion. Upon completion of the transaction, Rise Fund...
Read MoreAccording to the Department of Investment and Public Asset Management (DIPAM), government has identified several assets of Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) for sale in the...
Read MoreThe non-retail portion of the Tata Communications’ offer for sale (OFS) was reportedly subscribed 1.36 times on the first day of the bidding. There were bids for 56 million shares from institutional investors as against 46...
Read MoreAs per industry sources, Vodafone Idea is planning to raise Rs 100 billion by issuing papers such...
Read MoreAs per industry sources, the government will sell a 16.12 per cent stake in Tata Communications...
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