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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.

HFCL will invest Rs 35 crore on expanding optical fibre manufacturing facility to 10.5 million route fibre kilometre by June this year. The company has existing production capacity of 8 million fkm approximately and working with utilisation capacity of 96 per cent.

Reliance Industries Ltd (RIL)said that it wholly owned subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL) has entered into a binding agreement with Kanoda Energy Systems Private Limited (KESL) for acquisition of equity shares for a cash consideration not exceeding Rs 75,00,00,000 (Rupees seventy five crore only). The investment upon completion will translate into 88 […]

Reliance Industries Ltd said that its subsidiary Reliance Jio Infocomm Ltd has extended the term of the definitive agreement for the acquisition of specified assets of Reliance Communications Ltd and its affiliates to 28 June next year. The acquisition is subject to the receipt of requisite approvals from governmental and regulatory authorities, consent from all […]

Reliance Industries has acquired 5.56 per cent equity stake in technology start-up Vakt Holdings Ltd, UK (VHL), for $5 million (approx Rs 350 million). The company has acquired the equity stake in VHL, a closely held start up entity engaged in the technology space, for cash aggregating to $5 million. VHL is a consortium of […]