Airtel sells over 10% stake in subsidiary for Rs 6,100 cr

Telecom major Bharti Airtel on Tuesday announced the sale of 10.3 per cent stake in subsidiary Bharti Infratel to a consortium of funds for over Rs 6,190 crore ($951 million).

"Bharti Airtel announced the successful completion of the secondary sale of over 190 million shares of its subsidiary Bharti Infratel Ltd, representing 10.3 per cent, to a consortium of funds advised by KKR

TRAI rejects Telecom Commission's contention on promo tariffs

Telecom regulator TRAI has rejected Telecom Commission's contention that free promotional offers allowed by it are responsible for the industry's falling financial health and lower licence fee payments to the government, reported PTI. TRAI is drafting a response to Telecom Commission's letter dated February 23 on the lines that tariff and tariff orders, solely under the regulator

Bharti Airtel gains nearly 3% on acquiring 4G biz of Tikona

Shares of Bharti Airtel soared nearly 3 per cent in early trade on the Bombay Stock Exchange (BSE) after telecom major said it will acquire 4G business of Tikona Networks for about Rs 1,600 crore.

Buoyed by the development, shares of company gained as much as 2.83 per cent to hit intra-day high of Rs 348.00 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of lender cl

Airtel to acquire Tikona's 4G business for Rs 1,600 crore

Bharti Airtel on Thursday announced an agreement with Tikona Digital Networks to acquire the latter's 4G business, including the Broadband Wireless Access (BWA) spectrum and 350 sites, in five telecom circles for around Rs 1,600 crore.

However, the acquisition is subject to requisite regulatory approvals.

"Tikona currently has 20 MHz spectrum in the 2,300 MHz band i

Airtel hits back at Jio on speed ad with Ookla backing

Bharti Airtel lashed out at Reliance Jio's allegations around its fastest network ad campaign, saying the complaint is a deliberate attempt to "malign the brand" and "misguide customers", reported PTI. Further, mobile internet speed testing firm Ookla has stood by the finding that Airtel had the fastest broadband network in the country, a claim which has been challenged

84% Jio users willing to take Prime offer, says survey

At least 84 per cent of the current Jio users are expected to subscribe to its Prime membership in April, a survey conducted by Bank of America Merrill Lynch said here on Wednesday.

"We surveyed 1,000 Jio users online to gauge trends. With all the caveats that accompany surveys in a country as large as India, the results are stark: 84 per cent of Jio users we surveyed suggest the

Indians leave bankers in the cold in $23 billion telecoms mega-deal

By Sumeet Chatterjee and Devidutta Tripathy

HONG KONG/MUMBAI - Investment banking business in India should be enjoying bumper fees after a record year of dealmaking. It's not, and big banks blame in-house teams of advisers that have proliferated as the country's top family-owned conglomerates tighten their grip.

This week's $23 billion tie-up bet

Views On Vodafone - Idea merger - Motilal Oswal Sec

Below is the views on 'Vodafone - Idea merger' by Mr Gautam Duggad, Head- Research, Motilal Oswal Securities Limited

 

Deal contours – 1:1 Swap ratio

Vodafone will get 50% in the merged entity, implying 1:1 share swap. In the merged entity, Vodafone will get INR 552b

21/03/2017 5:21:25 PM | Posted in Special Event Reports read full news
BSNL launches plan to provide 2GB data per day at Rs 339

State-run Bharat Sanchar Nigam Limited (BSNL)on Tuesday launched a plan that will provide 2GB data per day for Rs 339 per month.

"To compete with Jio and other private players, we have introduced the cheapest plan with a rental value of Rs 339 per month. Under this plan, the consumer will get 2GB per day," said Sanjiv Tyagi, General Manager, BSNL.

"In a month,

Idea Cellular extends fall post merger deal

Shares of Idea Cellular continued losing spree on Tuesday and tanked nearly 8 per cent on the Bombay Stock Exchange as investors resorted to profit booking after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company.

Extending previous session losses, shares of company declined as

Voda, Idea to cough up Rs 13,400-cr for integration: Kapania

Integrating operations of Vodafone and Idea will cost the combined entity around Rs 13,400 crore, a top official of the Aditya Birla Group company said as per the PTI report. "The integration cost accounted in the net synergy is estimated to be nearly Rs 13,400 crore from the completion until the first full year of operations," Idea managing director Himanshu Kapania told analysts.

End of Jio's doles: Idea says industry "recovery" has begun

Idea Cellular said Reliance Jio's announcement to make subscribers pay for services from April has helped the "recovery" of the industry, reported PTI. "There is some degree of recovery which has started to happen in the industry with the announcement of charging and with some monetisation process that has started by the new entrant," Idea managing director Himanshu Kapa

Update On Idea Cellular Ltd - Emkay

Betting on long term cost synergies, near term challenges to persist

* Idea Cellular and Vodafone India announced merger with equal rights in the combined entity. The merged entity would exclude Vodafone's 42% stake in Indus Towers while Idea’s 11.15% stake in Indus is part of the deal. Idea is valued at enterprise value of Rs722bn while Voda

21/03/2017 12:41:27 PM | Posted in Broking Firm Views - Long Term Report read full news
Hold Idea Cellular Ltd For Target Rs.90.00 - RCML

Idea-Vodafone merger – A long road ahead

Idea and Vodafone have formally announced a merger, wherein implied valuations, synergy estimates and timelines are all largely in line with our expectations. While the merger is clearly a positive outcome for Idea as it gives the company scale and access to capital, we believe that defending market share

21/03/2017 12:25:03 PM | Posted in Broking Firm Views - Long Term Report read full news
Bharti Infratel says Nettle Infra to buy about 21.63 percent stake in co from Airtel

Telecom tower infrastructure company Bharti Infratel said Nettle Infrastructure Investments would buy about 21.63 percent of its stake from company's promoter Bharti Airtel Ltd.

In a disclosure filed with National Stock Exchange, Bharti Infratel said Nettle Infra Investments, a wholly-owned unit of Bharti Airtel, would acquire about 400 million shares on or after March 27.

Vodafone-Idea merger bold move, hope for quick approvals: COAI

Cellular body COAI has termed the merger of Idea Cellular and Vodafone India as a "bold" move and said the combined stronger entity will be beneficial to both government and consumers of the Indian telecom market, reported PTI. Stating that the merger will be "good" not only from an organisational perspective, but from the point of view of consumers and the government, COAI

Idea Cellular, Vodafone India announce merger

In one of the biggest mergers in the telecom space, Vodafone India and Aditya Birla Group-promoted Idea Cellular on Monday announced their much-awaited amalgamation.

Kumar Mangalam Birla, Chairman of the Aditya Birla Group, will also be the Chairman of the merged entity.

Idea Cellular in a regulatory filing on Monday said its Board of Directors "has approved the scheme

Telecom stocks trade slightly lower following merger announcements

On the day of major merger announcements in the telecom space, the telecom sector shed marginal gains and traded in the red during the mid-afternoon trade session on Monday.

At 1.00 p.m., the telecom stocks, which opened at 1,268.30 points, traded at 1,254.37 points -- down 10.81 points or 0.85 per cent.

Telecom giant Bharti Airtel was one of the biggest gainers. Its shares

RCOM gets CCI approval for Aircel merger

Reliance Communications has received an approval of the Competition Commission of India (CCI) for the proposed merger with telecom service provider Aircel, a company statement said here on Monday.

"Reliance Communications has received an approval of CCI for the proposed Scheme of Arrangement for demerger of the wireless division of the company into Aircel Limited and Dishnet Wire

Idea Cellular tanks 9% on merger deal with Vodafone

Shares of Idea Cellular, declined over 9 per cent in early trade on the Bombay Stock Exchange after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company. At present, Vodafone India is the country’s second largest operator by users and Idea Cellular the third largest operator. Vodafone

Vodafone, Idea in $23 billion deal to create new Indian telecom leader

By Devidutta Tripathy and Sankalp Phartiyal

MUMBAI - Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations in a $23 billion deal, creating the country's biggest telecoms business after the entry of a new rival sparked a brutal price war.

The combined entity would have almost 400 million customers, overtaking mar

Bharti Airtel seen most aggressive to match Jio Prime offer: Report

As Reliance Jio moves to open up its prime membership from April 1, Bharti Airtel is seen to be the most aggressive rival to match its prices, a research report has said.

Citi Research, a part of the Institutional Group, which also comprises the Citibank, says that all the incumbent telecom operators have moved to meet the Jio challenge, in various degrees, though Idea Cellular and Vo

Spice Mobility gains on receiving nod to sell stake in Kimaan Exports

Shares of Spice Mobility surged nearly 3 per cent on the Bombay Stock Exchange after it has received an approval for sale of entire stake in Kimaan Exports, a wholly owned subsidiary, to Spice Digital, another subsidiary of the company. Consequent to this, Kimaan Exports will cease to be a wholly owned subsidiary of the company and become step down subsidiary of the company.

The consi

No stay on Jio free offer; TDSAT asks Trai for re-examination

Telecom tribunal TDSAT today refused to stay billionaire Mukesh Ambani-led Reliance Jio's extended free data and voice promotional offer but drilled holes in regulator TRAI's clean chit to such offers and sought re-examination of certain issues, reported PTI. Many questions on the two offers "remain un-answered", TDSAT said in an order pronounced on incumbent operators' pl

Hold Idea Cellular Ltd For Target Rs.102.00 -  India Nivesh Sec

Good source of value unlocking

* As per media sources American Tower Corporation is looking to buy the assets of ICISL (Idea Cellular Infrastructure Services Ltd), a wholly owned subsidiary of Idea Cellular. Idea Cellular through a business transfer agreement has transferred all its towers (9722) to ICISL w.e.f. August 01, 2016. Although, Idea has decl

16/03/2017 3:20:20 PM | Posted in Broking Firm Views - Long Term Report read full news