Navadha Pandey
Stories by Navadha Pandey
India: DoT seeks $232m to clear way for Airtel-Tikona merger
Airtel has, however, approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) seeking a stay on the DoT demand.
Vodafone-Idea merger hits hurdle as India’s DoT demands $1.04b to approve deal
The Department of Telecommunications (DoT) has demanded Rs 3,900 crore in cash and Rs 3,300 crore in bank guarantees towards one-time spectrum charges
ATC completes $595m deal to acquire 9,900 telecom towers from Idea Cellular
This comes after ATC completed the acquisition of Vodafone India Ltd’s 10,200 stand-alone towers for around ₹3,850 crore.
ATC completes $585m-acquisition of telecom towers from Vodafone India
Vodafone India and Idea Cellular had in November 2017 separately agreed to sell their respective stand-alone tower businesses in India.
India’s Bharti Airtel gets board approval to raise up to $2.5b in debt
Rival Idea Cellular Ltd, too, has raised funds to build a war chest for the battle in the telecom sector.
India’s Aircel files for bankruptcy in fresh telecom sector upheaval
The entry of Reliance Jio Infocomm Ltd in September 2016 with free calls and cheap data has upended India’s telecom industry.
India: Idea Cellular gets board approval for $546m QIP issue
Promoters of Idea Cellular—Birla TMT, Elaine Investments, Oriana Investments—have already invested Rs3,250 crore to strengthen its balance sheet.
India’s Reliance Jio planning its own cryptocurrency JioCoin
With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work
