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The Cabinet Committee on Economic Affairs has approved a Foreign Direct Investment proposal of over Rs. 5,000 crore in Vodafone Idea Ltd. The approval has been given to raise funds of up to Rs. 25,000 crore of the proposed equity fund raise by way of a rights issue of equity shares and/or other equity linked […]

Bharti Airtel’s board approved plans to raise as much as Rs 32,000 crore ($4.5 billion) through equity and bond sales in one of the largest such exercises by an Indian company. Of this, Rs 25,000 crore will be raised by way of a rights issue and another Rs 7,000 crore will be mobilised through foreign […]

Airtel Africa Ltd, a subsidiary of Bharti Airtel (Airtel), that Qatar Investment Authority (QIA) — the sovereign wealth fund of the State of Qatar — has agreed to invest $200 million through a primary equity issuance in the company.  The investment from QIA is in continuation of the recent $1.25-billion investment by six leading global […]

Nearly three years after Cyrus Mistry’s failed attempt to list Tata Sky through an IPO, the company’s financial investors are looking to monetise their investments through a stake sale. The Singapore government’s investment firm Temasek Holdings and Tata Opportunities Fund, which together control 19% of the DTH satellite TV distributor, have initiated a formal process to […]

Mukesh Ambani-owned Reliance Industries has received a go ahead from the Competition Commission of India (CCI) to acquire majority stakes in two of India’s largest cable operators – DEN Networks and Hathway Cable & Datacom. RIL informed stock exchanges that it has received approval from the CCI on January 21 for the acquisition.

Fintech seems to be the next segment that Mukesh Ambani’s Reliance is aiming to disrupt. Payments bank was just the start. After acquiring over 200 million subscriber base, Reliance Jio is now eyeing the merchant community by entering the point-of-sale (PoS) segment.

Domestic telecom gear maker HFCL  has bagged two orders of worth around Rs 502 crore for supply of optical fibre cable from Larsen & Toubro (L&T) and a consortium led by ITI. Himachal Futuristic Communications Limited (HFCL) is investing Rs 388 crore to ramp up production capacity of optical fibre cable and optical fibres to […]

Bharti Infratel, the tower unit of Bharti Airtel expects to complete its merger with Indus Towers in the first quarter of the new financial year, starting April 1, 2019. The company’s management, in an analyst meet, also chalked out the new growth areas which include fibre sharing, small cells, data centres and wi-fi offloading.

The Narendra Modi-led NDA government’s spending on telecom infrastructure has been increased to six-fold to Rs 60,000 for the 2014-19 period, and it had taken various industry-friendly initiatives, according to a year-end review by the Ministry of Communications.

Chipmaker Qualcomm India’s revenue jumped 23% in FY18 driven by a demand surge for phones in the world’s second-most-populous nation where the telecom industry is transiting rapidly to 4G data technology after the entry of Reliance Jio.