TELECOM

How much return did Providence make from Idea Cellular exit?

February 28, 2017 | TEAM VCC

Global private equity firm Providence Equity Partners LLC has exited its debut investment in India by selling the final tranche of its stake in Idea Cellular Ltd on Tuesday.

Tata, Docomo to settle $1.18 bn dispute after two-year court battle

February 28, 2017 | Maulik Vyas

Tata Sons Ltd and NTT Docomo Inc. have finally decided to bury the hatchet after a prolonged court battle over an exit agreement that required the Indian company to buy back shares from its Japanese joint venture partner at a predetermined price.

PE firm Providence selling stake in Idea Cellular for $190 mn

February 27, 2017 | Reuters

A subsidiary of Providence Equity Partners is selling its 3.3 percent stake in India's third-biggest mobile phone carrier Idea Cellular Ltd for at least $190 million, according to a deal term sheet seen by Reuters on Monday.

SoftBank denies interest in Vodafone-Idea merger

February 23, 2017 | Reuters

Japan's SoftBank Group (9984.T) on Thursday denied it was in talks with Vodafone Plc's (VOD.L) Indian unit and Idea Cellular (IDEA.NS) to pick up a stake in a potential merger between the two Indian wireless carriers.

Bharti Airtel to acquire Telenor India as Jio threat grows

February 23, 2017 | Mansi Taneja

Bharti Airtel Ltd said on Thursday it will acquire the local unit of Norwegian operator Telenor ASA, in the latest consolidation move in India’s telecom sector triggered by the entry of billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd.

Bharti Airtel picks up stake in fintech startup Seynse

February 22, 2017 | Arti Singh

Telecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement.

The value of the investment is not disclosed.

Vodafone India, Providence-backed Idea Cellular in merger talks

January 30, 2017 | Ranjani Raghavan & Maulik Vyas

Vodafone Group Plc is in talks to merge its India unit with local rival Idea Cellular Ltd in a development that could create the country’s biggest telecom operator and threaten top carrier Bharti Airtel Ltd as well as the fast-growing Reliance Jio Infocomm Ltd.

Brookfield seals $1.6 bn deal to buy RCOM’s telecom towers; NSR, Soros to exit

December 21, 2016 | TEAM VCC

Canadian private investment firm Brookfield Infrastructure Partners has inked the second-biggest private equity deal ever in India by buying the telecom tower business of Reliance Communications Ltd (RCOM) for Rs 11,000 ($1.6 billion) in cash.

Bharti Airtel to buy subsea cable network from Orascom

December 20, 2016 | TEAM VCC

Bharti Airtel Ltd said on Tuesday it has agreed to acquire a subsea cable network of Egyptian firm Orascom Telecom Media and Technology Holding SAE that connects India and Europe via the Middle East.

In Charts: A peek into India’s broadband network in times of demonetisation

December 02, 2016 | Keshav Sunkara

The government’s recent decision to ban two highest-denomination notes has not only sparked a cash crunch but also forced many people to rely more digital transactions. But going digital requires a strong broadband network. So, how robust is India’s broadband infrastructure and coverage?

Seven things you want to know about Jio in the times of demonetisation

December 01, 2016 | Aman Malik

On Thursday, Reliance Industries Ltd chief Mukesh Ambani announced that new users signing up for the 4G voice over LTE (VoLTE) enabled service, will be offered free services till the end of March 2017. Moreover, existing users too will continue to enjoy free services for another four months.

Reliance Communications sells ethernet business for $28 mn

November 18, 2016 | Ranjani Raghavan

Reliance Communications Ltd (RCom) has sold its ethernet business to a US-based telecommunications firm GTT Americas LLC for $28 million, it said on Friday.

Exclusive: Madison India Capital to raise stake in Micromax

November 15, 2016 | TEAM VCC

Madison India Capital, which picked a small stake in Micromax Informatics Ltd six years ago, is looking to hike its holding the country’s top home-grown handset maker, it is learnt.

Vodafone India IPO not before next fiscal year

November 15, 2016 | TEAM VCC

British telecom operator Vodafone Group Plc said on Tuesday a planned initial public offering of its Indian unit will not happen this financial year.

Bharti Airtel hires former McKinsey consultant Vani Venkatesh as retail CEO

November 08, 2016 | PTI

India's largest mobile operator Bharti Airtel has appointed Vani Venkatesh as CEO - Retail, to strengthen subscriber touch points of telecom business.

Six ways in which Reliance Jio may have changed India's telecom landscape

November 03, 2016 | Aman Malik

It has been exactly two months since Reliance Industries Ltd (RIL) chairman Mukesh Ambani announced the launch of the company’s 4G enabled telecom network Jio.

Exclusive: Providence picking up 4.8% direct stake in Indus Towers

October 27, 2016 | Ranjani Raghavan

American private equity firm Providence—which specialises in telecom, media and technology investments—is believed to be swapping its holding in Aditya Birla Telecom Ltd (ABTL) with a stake in Indus Towers Ltd, a person privy to the development told VCCircle.

India regulator recommends $456 mn fine on Airtel, Vodafone, Idea on Jio complaint

October 22, 2016 | PTI

In a setback to incumbent telecom operators, sector regulator TRAI today suggested imposing Rs 3,050 crore penalty on Bharti Airtel, Vodafone and Idea for allegedly denying interconnectivity to newcomer Reliance Jio.

Brookfield inks $1.65 bn deal to buy majority stake in RCOM’s tower assets

October 14, 2016 | Ranjani Raghavan

Reliance Communications Ltd (RCOM) has signed a non-binding term sheet to sell majority stake in its tower assets housed under Reliance Infratel Ltd to Canada’s Brookfield Asset Management Inc for Rs 11,000 crore ($1.65 billion) to pare debt.

NTT Docomo sues Tata Sons in a US court for recovering $1.17 bn

October 07, 2016 | Maulik Vyas

Japanese telecom major NTT Docomo has sued Tata Sons, the holding firm for India’s top business conglomerate, in the US, seeking recovery of around $1.17 billion over a dispute related to its investment in Tata Teleservices Ltd (TTSL).

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