Telecom
SINGTEL CONSOLIDATES HOLDING IN BHARTI AIRTEL AHEAD OF SPECTRUM AUCTIONS
NEW DELHI (TIP): Singapore Telecommunications (Singtel), the largest shareholder in Bharti Airtel, is consolidating its equity in the country’s top mobile operator by buying out Singapore’s sovereign wealth fund Temasek’s holding for $659.5 million (over Rs […]
Nokia to cut deeper as merger spills red ink
HELSINKI (TIP): Finnish telecom equipment manufacturer Nokia said Thursday it aims to accelerate savings after costs of absorbing former French-American rival Alcatel-Lucent pushed it into a second-quarter loss. The net loss of 665 million euros […]
US Documents Reveal Pak-Based JeM’s Involvement In Pathankot Attack
The National Investigation Agency (NIA) has recently received documents from the United States that support India’s claim regarding Pakistani terror group, Jaish-e-Mohammad’s involvement in the Pathankot IAF base attack. According to a report in Times of India, […]
VODAFONE TO MERGE NEW ZEALAND UNIT WITH SKY NETWORK IN $2.4 BILLION DEAL
SYDNEY/WELLINGTON (TIP): Vodafone PLC said it was merging its New Zealand unit with the country’s biggest pay-TV firm, Sky Network Television, in a $2.4 billion deal that will enable it to offer customers packages of […]
KOTAK MAHINDRA BANK BUYS 19.9% STAKE IN AIRTEL M COMMERCE SERVICES
NEW DELHI (TIP): Kotak Mahindra Bank on Tuesday said that it has bought 19.90% stake in Airtel M Commerce Services Ltd (AMSL) for Rs.98.38 crore to set up a payments bank. AMSL was one of […]
‘Make in India Week’ gets Rs 15 lakh cr investment commitment
MUMBAI (TIP): The week-long ‘Make in India’ fair closed on Thursday with investment commitments of over Rs 15 lakh crore ($220 billion), the government said. “The numbers are in. INR 15,20,000 cr investment already committed at #MakeInIndia […]
Ambani launches 4G service for employees
NEW DELHI (TIP): On December 27 evening, on the eve of founder Dhirubhai Ambani’s 83rd birthday and amid a lot of star-studded attraction, Mukesh Ambani launched Reliance Jio, the group’s 4G telecom service, for over […]
SC to hear plea to ban websites with jokes on Sikhs
New Delhi, October 30: The Supreme Court will look into a plea for a ban on websites carrying jokes on Sikhs, as a lawyer-petitioner told the apex court on Friday the community was projected as […]
Cablevision, 5th-Largest U.S. Cable Firm, To Be Sold in $17.7 Billion Deal
LONG ISLAND, NY (TIP): European telecom giant Altice is buying the largest cable provider in New York City’s metropolitan area, agreeing to pay $17.7 billion to acquire Cablevision, the company that was founded in 1973 […]
GANG BEHIND RS 10,000 CRORE HAWALA RING BUSTED
NEW DELHI (TIP): The Enforcement Directorate has busted a hawala network in Ahmedabad which had allegedly laundered more than Rs 10,000 crore through a private bank in Surat to Dubai and Hong Kong. The ED […]
India reaches for the Sun, raises solar capacity target five times to 100,00 mw
NEW DELHI (TIP): It’s official now. The government is reaching for the Sun by raising the target for adding solar power capacity five times to 100,000 mw by 2022. The Cabinet’s panel on economic affairs […]
Vodafone sells 4.2% stake in Bharti for $299m
NEW DELHI (TIP): British telecom giant Vodafone has sold its 4.2% holding in Bharti Airtel for $200 million to comply with rules that bar cross-holding between rivals. The company said the move follows the new […]
NEW OUTFIT EMERGES IN KASHMIR VALLEY, TARGETS TELECOM TOWERS
SRINAGAR (TIP): The killings, in Sopore, of a BSNL employee and a resident who allowed a mobile phone tower on his house premises defying terror threats, has brought the spotlight on Lashkar-e-Islam. In recent days, […]
Idea eyes $1.2bn deal to sell towers
MUMBAI (TIP): Idea Cellular, part of the Aditya Birla Group, is working on a Rs 7,580-crore ($1.2 billion) deal to sell its independent towers, drawing the interests of Malaysia’s Axiata, Bharti Infratel and American Tower […]
SC REJECTS TELCOS’ PLEA FOR EXTENSION OF 2G LICENCES
NEW DELHI (TIP): The Supreme Court on May 14 turned down pleas by various telecom companies, including Bharti Airtel, Vodafone, Idea Cellular and Reliance Telecom, for extension of their 2G spectrum licences, which expired in […]
