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AMALGAMATE TELECOM UNITS
Bharti Airtel OKs merger of Nettle, Airtel Digital, Telesonic Networks with itself; demerges telecom into new unit AirtelBharti Airtel’s board on Wednesday approved the amalgamation of wholly-owned arms, Nettle Infrastructure Investments Ltd, Airtel Digital Lt...
RIL goes debt-hunting to raise $1 billionSBI and MUFG together will likely lend about $600 million and the seven other banks will advance the remainder. The loan may be of three-ye...
Oracle launches second data centre in IndiaThe centre is expected to meet increased demand for secure cloud services from existing and new clients, Shailender Kumar, regional managin...
Tata Sons not to demerge Tata Tele’s enterprise businessThe current thinking is that the enterprise business will be run separately, as a lot of value needs to be created.
No delay for approving TTML-Airtel merger as due process is followed, says Manoj Sinha“They (Airtel and Tata executives) came to meet (about the merger). If they follow the process, there will be no delay from our end,” said ...
Sebi seeks details of Idea-Voda merger planRules have now changed on mergers and amalgamation, where it has to be first vetted by Sebi.
Bharti Airtel acquires 100 per cent stake in Augere WirelessThe telecom major said it has acquired the balance 26 per cent stake in Augere Wireless, making it a wholly-owned subsidiary of the company.
DoT clears path for Vodafone entities mergerVodafone operates in India through various subsidiaries. It has been trying for their merger since 2012 before launching its initial public...
Reliance Jio moves to merge Infotel Telecom with itselfIn a letter to DoT, Reliance Jio and Infotel Telecom said that the latter had moved Mumbai HC in Feb seeking approval to merge with the hol...
Reliance Jio Infocomm to amalgamate telecom units; seeks DoT nod for gatewayReliance Jio Infocomm has moved the Bombay High Court seeking approval for amalgamating its long distance services arm Infotel with itself.
RJIL to amalgamate telecom units; seeks DoT nod for gatewayITL has filed company scheme petition with Bombay High Court for seeking approval of amalgamation, RJIL has said in the letter.
Reliance Jio may offer free TV content to its data usersReliance Jio is the only company with airwaves to offer 4G highspeed data and voice services in every part of the country.
ABWL merger: Airtel has to return excess spectrum, pay Rs 406 crore feeBharti Airtel may have to surrender 1.2 Mhz spectrum in the Mumbai circle if it wants to merge its unit Airtel Broadband Wireless (ABWL) wi...
DoT may slap Rs 350 crore fine on Telenor for norms violationCompany had violated a clause that forbids sale of stakes by promoters within 3 years of getting licences and before meeting the mandatory ...
Vodafone gets nod to merge its India units; riders attached could stymie move, say observersThe government has said that the UK-based telco’s Indian unit should not view the “no-objection” as an approval for transfer of licences.
Lock-in period applicable on resulting company after M&A: Attorney GeneralGoolam E Vahanvati said in a note to the telecom department, accessed by ET, that this solution would be ‘proper and effective way out'.
Budget 2013: CII seeks tax benefits for M&As in all sectorsCurrently, M&A tax benefits are limited to industrial undertakings and select services such as shipping, hotels, aircraft and banking.
Serco launches new global BPO division, eyes $1 billion revenueThe Global Services division has a workforce of around 50,000, over 150 clients and a diversified footprint with a presence in 10 countries.
- Vodafone for probing zooming ISL scrip
UK-based Vodafone has asked the Indian stock exchange regulator to probe the sharp rise in the share price of India Securities, that has ri...
- VSNL set to hive off retail Internet business
VSNL will hive off its retail Internet business unit into a subsidiary to simplify the holding structure and to allow for possible unlockin...