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MEGA TOWER ENTITY
Stocks in the news: Burger King, YES Bank, JSW Steel, FRL and Bharti InfratelBig Bazaar is planning to open 16 more stores to take the overall count to 300 over the next three quarters, a company official has said.- Bharti Infratel gets RoC nod for change of name to Indus Towers post mega mergerBharti Infratel has received approval from the Registrar of Companies for changing its name to Indus Towers, following the recent merger of...
- Why the BSE Telecom index jumped 5% todayA day after the announcement about completion of the deal, Bharti Infratel skyrocketed 19.26 per cent to Rs 221.70, after touching an intra...
- Bharti Infratel rallies 11% after completing merger with Indus TowersThe debt-ridden Vodafone Idea has received about Rs 3,760 crore cash for its 11.15 per cent holding in Indus, according to a regulatory fil...
- Voda Idea gets Rs 3,760 crore by selling 11.15% stake in Indus Towers after merger with InfratelPromoters of the merged entity, Bharti Group and Vodafone Group’s shareholding in the merged entity is 36.7% and 28.12%, respectively. Maur...
- Indus-Infratel go ahead with merger; Voda Idea to sell 11.15% Indus stake for Rs 4,000 croreBharti Infratel said the likely shareholding structure of the merged towers entity is based on “cash consideration chosen by VIL for its 11...
- Bharti Infratel board meeting on June 11 to take final call on Indus mergerIn February, the mega towers merger deal had received foreign direct investment nod.
- DoT clears Bharti Infratel-Indus merger: SourcesDoT nod offers a much-needed avenue for Vodafone Idea to raise funds to clear a portion of its massive AGR dues.
- Bharti Infratel, Indus seek exit charges post Vodafone-Idea mergerVodafone owns 45.2 per cent stake in the newly-minted entity while Aditya Birla Group, Idea's parent company, holds 26 per cent stake.
- Bharti Infratel revenue, Ebitda may dip till FY20: AnalystsUBS says Bharti Infratel would see “a 10-12% decline in revenue and 15-18% fall in operating income" till FY20.
- DoT clears Rs 4,000 crore Idea-ATC mobile tower sale dealATC Telecom Infrastructure had signed a pact with Vodafone India and Idea in November 2017 to buy their standalone towers for Rs 7,850 cror...
- Bharti Infratel, Indus likely to invest Rs 3,500 cr capex for FY'19 ahead of mergerThe two companies, last month, announced a merger deal that will create a USD 14.6 billion firm with world's second-largest number of mobil...
- Infratel-Indus merged co will be an attractive buy for PE investors: Akhil Gupta“From a PE perspective, the structure of the proposed Infratel-Indus merged entity is better as there are two big shareholders (read: Airte...
- Indus-Infratel tie-up to help Idea and Vodafone reduce their debtThe mega tower company merger will also give more financial flexibility to Vodafone and a greater liquidity option as it will be free to se...
- Bharti Infratel ringing in merger with Indus to create world’s largest telcoIdea Providence PE set to exit merged co; announcement likely as early as today
- Vodafone Group CEO downplays concerns about subscriber market share lossColao said, “You would have to believe that if you were Bharti, right? We have been planning for this for a long time. We had planned as we...
- American Tower Corp eyeing more tower assetsVodafone India and Idea, the second and third-largest carriers that are in the process of merging their businesses to create the country’s ...
- Tower sale plan of Vodafone, Idea gathers steam ahead of mergerVodafone, the nation’s No. 2 mobile carrier, asked Morgan Stanley to zero in on a buyer while third largest Idea hired Bank of America-Merr...
- Merger to give Vodafone, Idea edge in divesting Indus Towers stakesAs per the shareholders' pact, Airtel, Vodafone and Idea need to agree to any of their partners moves to sell down or exit the venture.
- High synergy benefits may drive up Idea’s market cap by 30%: AnalystsAccording to the US brokerage, 49% of Idea’s opex is fixed in nature, with network opex forming the largest chunk.
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