Why the mega telecom spectrum auction may turn out to be a damp squib

June 29, 2016 | Mansi Taneja

The much-hyped mega telecom spectrum auction slated to take place in September may turn out to be a damp squib.

Tata Communications sews new deal to sell Neotel

June 28, 2016 | TEAM VCC

Tata Communications Ltd has inked a new agreement to sell its South African telecom arm Neotel Pty Ltd to another African group after a proposed deal with a subsidiary of Britain’s Vodafone Group Plc came unstuck.

Sistema to buy Russian government's 17.14% stake in Indian telecom JV

June 27, 2016 | Anuradha Verma

Russian conglomerate Sistema JSFC has entered into an agreement with the Russian Federation, represented by the Federal Agency for State Property Management, to acquire 17.14% in Sistema Shyam TeleServices (SSTL), as per a press statement. However, financial details have not been disclosed.

Airtel, Axiata defer merger of Bangladesh operations

June 24, 2016 | PTI

Telecom major Bharti Airtel and Malaysian firm Axiata have deferred the agreement for merger of their Bangladesh operations till September 26, 2016.

The merger of their Bangladesh business was earlier expected to be completed in the first half of this year.

Tata Sons told to pay $1.17 bn in arbitration with NTT DoCoMo

June 24, 2016 | TEAM VCC

Japanese mobile-phone operator NTT DoCoMo Inc said on Friday an arbitration court has awarded the company $1.17 billion in damages in a dispute with India's Tata Sons Ltd.

Reliance Communications expects merger deal with Aircel shortly

June 23, 2016 | Anuradha Verma

Reliance Communications Ltd said on Thursday it expects to sign a binding definitive deal for its proposed merger with smaller rival Aircel Ltd “very shortly”.

Former Vodafone CEO Arun Sarin picks stake in Truecaller

June 09, 2016 | PTI

Former Vodafone Global chief executive Arun Sarin has picked up minority stake in phone directory app Truecaller for an undisclosed amount.

Exclusive: Fin-tech startup ePaylater gets $2 mn in seed round

June 09, 2016 | Nishant Sharma

Financial-technology startup, which is operated by Mumbai-based Arthashastra Fintech Pvt. Ltd, has secured $2 million (Rs 13.3 crore) in a seed round of funding from three high-net-worth individuals, a top company executive told VCCircle.

Providence sells additional stake in Idea Cellular; makes modest returns

June 03, 2016 | TEAM VCC

Global private equity firm Providence has sold around half of its remaining stake in its decade-old investment in Aditya Birla Group-promoted telecom service provider Idea Cellular for Rs 1,375 crore ($205 million) on Friday.

TRAI floats pre-consultation paper on net neutrality

May 30, 2016 | PTI

Telecom regulator Trai on Monday issued pre-consultation paper on net neutrality, a topic that had kicked up dust earlier this year over platforms like Facebook's Free Basics and Airtel Zero as well as attempts to charge certain Internet services, including calls.

Tatas to sell 74% of data centre biz to ST Telemedia for $635 mn

May 19, 2016 | TEAM VCC

Tata Communications Ltd will sell a majority stake in its data centre business to Singapore Technologies Telemedia for about $635 million including debt, as it joins other Tata Group companies selling overseas assets to cut borrowings and consolidate operations.

Bharti Airtel Q4 profit beats street view on higher data use

April 27, 2016 | PTI

Telecom major Bharti Airtel on Wednesday reported 2.8 per cent jump in net profit to INR 1,290 crore for the fourth quarter ended March 31, 2015-16.

It had reported net profit of INR 1,255 crore in the January-March period of the 2014-15 fiscal.

Telenor hints at India exit as local arm posts huge operating loss

April 27, 2016 | PTI

Posting a huge operating loss of 3,100 million Norwegian Krone (around Rs 2,530 crore) for its Indian telecom business, Telenor today hinted at exiting India if it fails to procure spectrum at reasonable rates.

Bharti Airtel acquires spectrum rights from Aircel for $525M

April 08, 2016 | TEAM VCC

Bharti Airtel Ltd has signed a Rs 3,500-crore ($525 million) spectrum trading deal with smaller rival Aircel Ltd to expand its fourth-generation (4G) mobile-phone services across India, as it readies for an intense battle for data users with billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd.

Indus Towers names Bimal Dayal as CEO

April 04, 2016 | Anuradha Verma

Telecom infrastructure firm Indus Towers has named Bimal Dayal as chief executive officer.

Dayal will succeed BS Shantharaju, who retires on March 31, 2016, after a six-year-long stint with the company.

Telecom panel clears entry of mobile virtual network operators

March 29, 2016 | PTI

Virtual operators will offer voice and data services without owning a network.

Bharti Airtel to sell Tanzania telecom towers to ATC

March 21, 2016 | PTI

The Indian firm is existing its tower business in Africa.

Bharti Airtel pips Idea, seals $660M spectrum deal with Videocon

March 17, 2016 | TEAM VCC

Idea, Videocon scrap $500 million pact.

Exclusive: App discovery & review platform Zappka raises $100K

March 04, 2016 | Varun Arora

The startup was founded in April 2014.

Access PE leads management buyout of Teleysia Networks

March 03, 2016 | Anuradha Verma

Teleysia was founded in 2008.



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