TELECOM

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).

Govt manages just under $10 bn from telecom spectrum sale

October 07, 2016 | Mansi Taneja

The much-hyped India’s largest ever spectrum auction concluded on Thursday, with the government being assured Rs.65,789 crore in revenue.

Of the 2,355 megahertz (MHz) of spectrum across seven bands put up for bids, only 965MHz, or around 40%, got sold.

Vodafone pumps in $7.1 bn in Indian arm to take on Reliance Jio; single biggest FDI

September 22, 2016 | PTI

Amid a hyper competitive market following the entry of Reliance Jio, the second largest telecom firm Vodafone India today said it has received Rs 47,700-crore fresh capital from its parent to fund business expansion.

All you want to know about Reliance Jio’s spat with Bharti Airtel and others

September 20, 2016 | Aman Malik

Ever since billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) launched 4G telecom network, Reliance Jio, on 5 September, its users have reportedly been facing call drops while making voice calls to non-Jio networks including those of Bharti Airtel, Idea Cellular, Vodafone India and state

Bharti Airtel, Reliance Jio, five others in race for spectrum auction

September 15, 2016 | Mansi Taneja

Bharti Airtel Ltd, Vodafone India, Idea Cellular Ltd and Reliance Jio Infocomm Ltd are among the seven telecom operators who have submitted applications to participate in the largest-ever spectrum auction slated for 1 October.

​Brookfield nears deal for Reliance Communications' telecom tower arm

September 09, 2016 | Ranjani Raghavan

Canada's Brookfield Asset Management Inc is set to acquire a majority stake in the telecom tower unit of Anil Ambani-led Reliance Communications Ltd, two media reports said. 

Exclusive: Samena Capital eyes quick churn from IPO-bound Tejas Networks

September 07, 2016 | Ranjani Raghavan

Dubai alternative investment group Samena Capital has acquired a small stake in Bangalore telecom equipment company Tejas Networks Ltd ahead of its impending public listing.

Tatas move London court against DoCoMo

September 06, 2016 | PTI

The Tata-DoCoMo spat over USD 1.17 billion payment dispute today took a fresh turn with Tata Group urging a London court to set aside an ex-parte order obtained by the Japanese firm for enforcement of an arbitral award against the Indian company.

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