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FIBRE MONETISATION
Wipro bags $1 billion deal from Olam Group; to acquire Mindsprint for $375 millionThe deal is expected to close by the end of June 2026, after which Mindsprint will become a wholly owned subsidiary of Wipro, the Indian ...- BSNL, MTNL raise Rs 12,984 crore from asset monetisationSince 2019, BSNL and MTNL have earned a substantial Rs 12,984.86 crore from monetising non-essential land, buildings, towers, and fibre ass...
- Centre should direct state transmission utilities to monetise unutilised optical fibre infra: AssochamIndustry body Assocham has requested the government to direct state transmission utilities to take necessary steps to optimise the utilisat...
- DoT proposes to drop Bharatnet infra from its asset monetisation planAccording to sources, the earlier attempt to monetise the asset under Bharatnet failed to get satisfactory response from private players.
- BSNL employees union opposes monetisation of telecom assets; to hold demonstration on FridayIf monetisation of these assets is allowed, then the government's next target will be to monetise 7 lakh route kilometre length of optic fi...
- Niti Aayog expects Rs 35,100 crore from telecom assets by FY24The National Monetisation Pipeline (NMP) has valued 13,567 mobile tower assets of BSNL and 1,350 of MTNL at Rs 8,800 crore that can also be...
- Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund to invest $1b in Jio fibre assetsThe two sovereign wealth funds will invest Rs 3,779 crore each ($506 million) to acquire a total 51% in Digital Fibre Infrastructure Trust ...
- Voda Idea says fiber infrastructure business demerged to Vodafone TowersThe Kumar Mangalam Birla led telco is the third among the trio of private operators –Reliance Jio, Bharti Airtel to have taken the decision...
- Bharti Airtel plans InvIT for optic fibre assets to raise $2 billionThe company has sent feelers to investment bankers on the proposed $2 billion fund raise.
- Airtel, Voda-Idea optic fibre joint venture on holdWhile Vodafone Idea needs to monetise its fibre network assets quickly to stave off immense financial pressure, Airtel has reduced its debt...
- Airtel to shut down 3G network across India by March; evaluates opportunities on fibre monetisationThe process of switching off the 3G network has already started with Kolkata in the recent-concluded June quarter.
- Airtel to shut down 3G network across India by March; evaluates opportunities on fibre monetisationThe process of switching off the 3G network has already started with Kolkata in the recent-concluded June quarter.
- DoT may lease out BSNL fibre networkMonetising asset will help meet telco’s apital and operational expenses.
- Lacking government support, BSNL plans to monetise fibre networkThe company is conducting an internal assessment and audit to monetise its fibre assets, estimated to be worth Rs 50,000 crore.
- Jio shifts control of fibre, tower units to infra trustsBesides, Tower Infrastructure Trust acquired control of RJIPL by purchasing 51 per cent of shares of RJIPL for Rs 109.65 crore, the company...
- Vodafone Idea pushing for equal stake in optic fibre venture with AirtelWhile Airtel’s network is larger, Vodafone Idea’s deployment exceeds that of its rival in metros including New Delhi and Mumbai, which deri...
- Jio gets NCLT 'Ok' to demerge fibre, tower assetsThe company is seeking regulatory approvals for demerging the fibre and tower businesses into Jio Digital Fibre Pvt Ltd and Reliance Jio In...
- Vodafone Idea in talks to sell mobile tower stake, optical fibre assets for Rs 20k croreThe company is also planning to raise Rs 25,000 crore through a rights issue to fund its capital expenditure and pare debt.
- Reliance Communications completes sale of fibre assets to Reliance Jio for Rs 3,000 croreEarlier this month, Reliance Communications had reinstated bank guarantees worth Rs 774 crore with the telecom department ahead of the time...
- Rcom unit to pay Rs232 crore to settle with minority investors, shares spikeThe settlement will enable RCom to proceed with asset monetisation as soon as it exits the debt resolution process.
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